Safehold (SAFE) Stock Price, News & Analysis

Company Overview

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. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.

Key Stats

• Today's Range: $20.72 to $21.30
• 50-Day Range: $20.03 to $27.16
• 52-Week Range: $17.91 to $28.80
• Volume: 93,133 shs
• Average Volume: 347,348 shs
• Market Capitalization: $1.50 billion
• P/E Ratio: 12.35
• Dividend Yield: 3.38%
• Price Target: $28.22
• Consensus Rating: Moderate Buy

Safehold Stock Analysis - MarketRank™

Safehold scored higher than 87% of companies evaluated by MarketBeat, and ranked 195th out of 945 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Safehold has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Safehold has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 2.56%

Earnings Growth

Earnings for Safehold are expected to grow by 2.56% in the coming year, from $1.56 to $1.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Safehold is 12.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Safehold is 12.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.13.

Price to Book Value per Share Ratio

Safehold has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.70% of the float of Safehold has been sold short.

Short Interest Ratio / Days to Cover

Safehold has a short interest ratio ("days to cover") of 10, which indicates bearish sentiment.

Change versus previous month

Short interest in Safehold has recently decreased by 1.03%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Safehold pays a meaningful dividend of 3.31%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Safehold does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Safehold is 41.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Safehold will have a dividend payout ratio of 44.38% next year. This indicates that Safehold will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.70% of the float of Safehold has been sold short.

Short Interest Ratio / Days to Cover

Safehold has a short interest ratio ("days to cover") of 10, which indicates bearish sentiment.

Change versus previous month

Short interest in Safehold has recently decreased by 1.03%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.32

News Sentiment

Safehold has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Safehold this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for SAFE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Safehold insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.30% of the stock of Safehold is held by insiders.

Percentage Held by Institutions

70.38% of the stock of Safehold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SAFE Stock Analysis - Frequently Asked Questions

How have SAFE shares performed this year?

Safehold's stock was trading at $23.40 on January 1st, 2024. Since then, SAFE shares have decreased by 10.0% and is now trading at $21.05.
View the best growth stocks for 2024 here.

How were Safehold's earnings last quarter?

Safehold Inc. (NYSE:SAFE) issued its quarterly earnings data on Monday, October, 28th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company's revenue for the quarter was up 6.0% on a year-over-year basis.

When did Safehold IPO?

Safehold (SAFE) raised $206 million in an IPO on Thursday, June 22nd 2017. The company issued 10,300,000 shares at a price of $20.00 per share. BofA Merrill Lync, J.P. Morgan, Barclays, Citigroup and Raymond James served as the underwriters for the IPO and Mizuho Securities was co-manager.

Who are Safehold's major shareholders?

Safehold's top institutional investors include State Street Corp (3.66%), Geode Capital Management LLC (1.75%), Charles Schwab Investment Management Inc. (0.96%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.49%). Insiders that own company stock include Jay Sugarman and Istar Inc.
View institutional ownership trends.

How do I buy shares of Safehold?

Shares of SAFE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Safehold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Safehold investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), Humana (HUM) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/28/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/10/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:SAFE
• Previous Symbol: NASDAQ:SAFE
• CUSIP: N/A
• CIK: 1688852
• Web: www.safeholdinc.com
• Phone: (212) 930-9400
• Fax: 212-930-9494
• Employees: 120
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $28.22
• High Stock Price Target: $35.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +33.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.70
• Trailing P/E Ratio: 12.42
• Forward P/E Ratio: 13.54
• P/E Growth: N/A
• Net Income: $-54,970,000.00
• Net Margins: 32.08%
• Pretax Margin: 33.22%
• Return on Equity: 4.79%
• Return on Assets: 1.66%

Debt

• Debt-to-Equity Ratio: 1.85
• Current Ratio: 37.83
• Quick Ratio: 37.83

Sales & Book Value

• Annual Sales: $352.58 million
• Price / Sales: 4.28
• Cash Flow: $3.64 per share
• Price / Cash Flow: 5.80
• Book Value: $32.44 per share
• Price / Book: 0.65

Miscellaneous

• Outstanding Shares: 71,440,000
• Free Float: 69,079,000
• Market Cap: $1.51 billion
• Optionable: Optionable
• Beta: 1.68