Safehold Inc. (SAFE) – What Are Investment Firms Thinking About This Stock?

Safehold Inc. (NYSE:SAFE) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $15.17.

Several brokerages recently issued reports on SAFE. Cantor Fitzgerald reissued a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. Truist Financial cut their price target on shares of Safehold from $17.00 to $13.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lowered their price target on Safehold from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Friday, October 9th. Finally, Weiss Ratings downgraded shares of Safehold from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th.

Insiders Place Their Bets

In related news, Director Robin Josephs sold 9,500 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total transaction of $138,320.00. Following the sale, the director owned 89,068 shares in the company, valued at $1,296,830.08. This represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Safehold

Several large investors have recently modified their holdings of SAFE. CoreCap Advisors LLC lifted its position in shares of Safehold by 20.7% during the third quarter. CoreCap Advisors LLC now owns 7,530 shares of the company’s stock worth $89,000 after acquiring an additional 1,290 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Safehold by 109.4% in the 3rd quarter. Versant Capital Management Inc now owns 5,635 shares of the company’s stock worth $66,000 after buying an additional 2,944 shares during the period. Tidal Investments LLC bought a new position in Safehold in the 2nd quarter worth about $1,077,000. Squarepoint Ops LLC bought a new stake in shares of Safehold in the 2nd quarter worth $658,000. Finally, Corient Private Wealth LP raised its holdings in shares of Safehold by 37.6% during the second quarter. Corient Private Wealth LP now owns 15,273 shares of the company’s stock valued at $241,000 after purchasing an additional 4,171 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

SAFE opened at $12.01 on Wednesday. The firm has a market cap of $850.19 million, a PE ratio of 7.41, a P/E/G ratio of 3.60 and a beta of 1.78. The business has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $14.94. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77. Safehold has a fifty-two week low of $11.60 and a fifty-two week high of $17.45.

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

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.1770 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, September 30th. Safehold’s dividend payout ratio is presently 43.83%.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning ground leases. Through its ground-lease model, the company acquires and owns the land beneath commercial, residential, and other real estate assets while leasing that land to property owners under long-term agreements. This structure allows building owners to access the value of the land without selling the underlying property.

Safehold’s portfolio has included ground leases supporting multifamily, office, hotel, life sciences, industrial, and other commercial properties.