Zacks Research Upgrades Safehold (NYSE:SAFE) to Hold

Safehold (NYSE:SAFE) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the company. Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and cut their price target for the stock from $18.00 to $16.00 in a research note on Friday, May 1st. Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research note on Friday, July 17th. Finally, The Goldman Sachs Group decreased their price target on Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.71.

Safehold Price Performance

Shares of NYSE SAFE opened at $16.65 on Tuesday. 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 has a 1-year low of $12.76 and a 1-year high of $17.45. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 2.13 and a beta of 1.77. The business has a 50-day moving average of $15.61 and a 200-day moving average of $15.15.

Safehold (NYSE:SAFE) last announced its 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 company had revenue of $110.85 million for 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%. On average, equities analysts anticipate that Safehold will post 1.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Safehold

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Safehold during the 4th quarter valued at $31,000. Russell Investments Group Ltd. raised its holdings in Safehold by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Safehold in the third quarter worth approximately $57,000. Federation des caisses Desjardins du Quebec boosted its stake in Safehold by 25.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after purchasing an additional 908 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Safehold by 98.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after purchasing an additional 2,393 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

About Safehold

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.