Analysts Set Safehold Inc. (NYSE:SAFE) Target Price at $18.71

Safehold Inc. (NYSE:SAFE) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.7143.

Several research analysts have recently issued reports on SAFE shares. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Friday, July 17th. The Goldman Sachs Group cut their price target on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut shares of Safehold from a “market outperform” rating to a “sector perform” rating and decreased their price objective for the company from $18.00 to $16.00 in a research note on Friday, May 1st.

Institutional Investors Weigh In On Safehold

Hedge funds have recently added to or reduced their stakes in the business. Addison Capital Co raised its stake in shares of Safehold by 30.2% during the 4th quarter. Addison Capital Co now owns 179,465 shares of the company’s stock valued at $2,457,000 after buying an additional 41,600 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of Safehold in the fourth quarter worth about $1,258,000. SG Americas Securities LLC grew its holdings in Safehold by 237.0% during the first quarter. SG Americas Securities LLC now owns 279,205 shares of the company’s stock worth $3,778,000 after acquiring an additional 196,345 shares during the period. Allstate Corp grew its holdings in Safehold by 175.7% during the fourth quarter. Allstate Corp now owns 64,736 shares of the company’s stock worth $886,000 after acquiring an additional 41,252 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new position in Safehold during the fourth quarter valued at approximately $275,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Price Performance

NYSE SAFE opened at $15.80 on Friday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.09 and a beta of 1.77. The company has a debt-to-equity ratio of 1.91, a current ratio of 35.58 and a quick ratio of 35.59. The stock’s fifty day moving average price is $15.84 and its 200 day moving average price is $15.24. Safehold has a 1 year low of $12.76 and a 1 year high of $17.45.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $114.60 million during the quarter, compared to analysts’ expectations of $110.78 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. As a group, equities research analysts forecast that Safehold will post 1.64 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is 44.65%.

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.