Safehold Inc. (NYSE:SAFE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $25.25.

Several analysts recently issued reports on SAFE shares. Mizuho reduced their price target on shares of Safehold from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley lowered their price target on Safehold from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Tuesday. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Safehold in a research note on Monday, March 31st. The Goldman Sachs Group lowered their target price on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th.

Hedge Funds Weigh In On Safehold

A number of hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 1,020 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Safehold by 73.9% during the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company’s stock worth $44,000 after acquiring an additional 1,010 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock worth $83,000 after acquiring an additional 849 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Safehold by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock valued at $156,000 after acquiring an additional 1,173 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Safehold during the 4th quarter valued at approximately $169,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Price Performance

Shares of NYSE SAFE opened at $15.62 on Wednesday. The stock has a market capitalization of $1.12 billion, a PE ratio of 10.55 and a beta of 1.63. Safehold has a fifty-two week low of $13.68 and a fifty-two week high of $28.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The business has a fifty day moving average price of $17.19 and a two-hundred day moving average price of $18.69.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts predict that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Monday, March 31st. Safehold’s payout ratio is 47.30%.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.