Safehold Inc. (NYSE:SAFE) Given Consensus Recommendation of “Hold” by Analysts

Safehold Inc. (NYSE:SAFE) has been assigned an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.75.

A number of brokerages have recently commented on SAFE. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada downgraded Safehold from a “market outperform” rating to a “sector perform” rating and decreased their price target for the company from $18.00 to $16.00 in a report on Friday, May 1st. The Goldman Sachs Group dropped their price objective on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Zacks Research lowered shares of Safehold from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Finally, Mizuho boosted their target price on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th.

Safehold Trading Down 0.1%

Shares of Safehold stock opened at $16.37 on Monday. The stock has a market cap of $1.17 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.77. The firm has a fifty day moving average price of $15.35 and a 200 day moving average price of $14.89. Safehold has a 1 year low of $12.76 and a 1 year high of $17.16. The company has a debt-to-equity ratio of 1.91, a current ratio of 35.58 and a quick ratio of 35.59.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $110.85 million during the quarter, compared to analysts’ expectations of $96.51 million. Safehold had a net margin of 28.58% and a return on equity of 4.78%. Equities research analysts predict that Safehold will post 1.64 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.177 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.3%. Safehold’s payout ratio is presently 44.65%.

Institutional Investors Weigh In On Safehold

Several hedge funds have recently modified their holdings of SAFE. Royal Bank of Canada increased its stake in shares of Safehold by 21.1% in the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock valued at $833,000 after purchasing an additional 7,743 shares in the last quarter. Amundi increased its position in shares of Safehold by 2.6% in the first quarter. Amundi now owns 50,855 shares of the company’s stock valued at $906,000 after buying an additional 1,306 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Safehold by 1,106.2% in the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock valued at $3,660,000 after buying an additional 179,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Safehold by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock worth $576,000 after buying an additional 1,308 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Safehold by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after buying an additional 15,280 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.