Safehold Inc. (NYSE:SAFE) Given Average Rating of “Hold” by Analysts

Shares of Safehold Inc. (NYSE:SAFE) have received an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $17.1667.

SAFE has been the topic of several recent research reports. Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Cantor Fitzgerald reissued a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Zacks Research upgraded Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and decreased their target price for the stock from $18.00 to $16.00 in a report on Friday, May 1st.

Institutional Trading of Safehold

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Long Pond Capital LP acquired a new stake in shares of Safehold during the fourth quarter valued at approximately $12,936,000. California State Teachers Retirement System boosted its stake in Safehold by 1,761.8% in the 2nd quarter. California State Teachers Retirement System now owns 808,032 shares of the company’s stock worth $12,686,000 after purchasing an additional 764,632 shares during the period. NewEdge Wealth LLC acquired a new position in Safehold in the 2nd quarter worth approximately $10,529,000. Bank of America Corp DE purchased a new position in Safehold during the 2nd quarter worth approximately $5,153,000. Finally, Denali Advisors LLC purchased a new position in Safehold during the 2nd quarter worth approximately $4,861,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Price Performance

Shares of NYSE SAFE opened at $15.56 on Tuesday. Safehold has a twelve month low of $12.76 and a twelve month high of $17.45. The company has a current ratio of 34.37, a quick ratio of 34.36 and a debt-to-equity ratio of 1.77. The firm has a 50-day moving average of $15.96 and a two-hundred day moving average of $15.37. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 4.58 and a beta of 1.75.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Safehold had a net margin of 27.70% and a return on equity of 4.76%. The company had revenue of $114.65 million for the quarter, compared to analysts’ expectations of $110.78 million. As a group, analysts expect that Safehold will post 1.64 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.177 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.6%. Safehold’s dividend payout ratio (DPR) is 43.83%.

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.