Safehold (NYSE:SAFE) Sees Strong Trading Volume – Here’s What Happened

Safehold Inc. (NYSE:SAFE) saw unusually-high trading volume on Thursday . Approximately 697,744 shares were traded during trading, an increase of 91% from the previous session’s volume of 364,608 shares.The stock last traded at $15.17 and had previously closed at $15.38.

Analyst Ratings Changes

SAFE has been the topic of a number of recent analyst reports. Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $16.00 to $14.00 in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd. Zacks Research lowered Safehold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Truist Financial increased their target price on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. Finally, Mizuho increased their target price on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.25.

Safehold Stock Up 1.8%

The stock has a market cap of $1.11 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.84. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. The business has a 50-day moving average price of $14.93 and a 200-day moving average price of $14.51.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a return on equity of 4.92% and a net margin of 29.69%. As a group, analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.177 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.6%. Safehold’s dividend payout ratio (DPR) is presently 44.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAFE. Long Pond Capital LP purchased a new position in Safehold in the 4th quarter valued at $12,936,000. Michelson Medical Research Foundation Inc. purchased a new position in Safehold in the 2nd quarter valued at $4,629,000. Deutsche Bank AG lifted its holdings in Safehold by 339.9% in the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after purchasing an additional 285,920 shares in the last quarter. Algert Global LLC lifted its holdings in Safehold by 137.4% in the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after purchasing an additional 281,478 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Safehold by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock valued at $21,859,000 after purchasing an additional 279,664 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

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.