Safehold (NYSE:SAFE) Given "Market Outperform" Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Safehold (NYSE:SAFE - Free Report) in a research note published on Thursday morning,Benzinga reports. JMP Securities currently has a $35.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Safehold from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Mizuho upped their price objective on Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. The Goldman Sachs Group reduced their target price on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada increased their price target on shares of Safehold from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Wedbush reaffirmed a "neutral" rating and set a $23.00 price objective (down previously from $25.00) on shares of Safehold in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.56.

Safehold Stock Up 2.0 %

NYSE SAFE traded up $0.35 on Thursday, hitting $17.65. 437,628 shares of the company were exchanged, compared to its average volume of 528,045. The company has a current ratio of 37.37, a quick ratio of 37.83 and a debt-to-equity ratio of 1.82. The company has a market cap of $1.26 billion, a PE ratio of 11.93 and a beta of 1.66. The stock has a fifty day moving average of $18.25 and a 200-day moving average of $21.75. Safehold has a 12 month low of $15.55 and a 12 month high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 firm posted $0.36 EPS. As a group, analysts forecast that Safehold will post 1.59 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.01%. Safehold's dividend payout ratio (DPR) is 47.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAFE. State Street Corp boosted its holdings in Safehold by 2.0% during the 3rd quarter. State Street Corp now owns 2,618,033 shares of the company's stock valued at $69,131,000 after acquiring an additional 51,035 shares during the period. Geode Capital Management LLC boosted its stake in shares of Safehold by 3.1% during the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock valued at $32,734,000 after purchasing an additional 38,074 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Safehold by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company's stock worth $13,251,000 after purchasing an additional 29,348 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock worth $17,369,000 after buying an additional 91,965 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Safehold by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company's stock worth $8,053,000 after buying an additional 7,437 shares during the period. 70.38% of the stock is owned by institutional investors.

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.