Safehold (NYSE:SAFE) Given New $25.00 Price Target at Mizuho

Safehold (NYSE:SAFE - Free Report) had its price target lifted by Mizuho from $20.00 to $25.00 in a report published on Thursday, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on SAFE. The Goldman Sachs Group lifted their target price on Safehold from $25.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, September 18th. Wedbush raised their price target on shares of Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a research note on Tuesday. Royal Bank of Canada raised their price target on shares of Safehold from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Raymond James upgraded shares of Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price target for the company in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.33.

Safehold Stock Performance

Shares of NYSE:SAFE traded down $0.91 during midday trading on Thursday, hitting $21.26. The company's stock had a trading volume of 707,199 shares, compared to its average volume of 344,564. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -47.29 and a beta of 1.66. The stock's 50 day simple moving average is $25.13 and its 200 day simple moving average is $21.94. Safehold has a fifty-two week low of $15.35 and a fifty-two week high of $28.80. The company has a debt-to-equity ratio of 1.76, a quick ratio of 38.83 and a current ratio of 38.83.

Safehold (NYSE:SAFE - Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. The business had revenue of $90.70 million for the quarter, compared to the consensus estimate of $89.45 million. During the same period last year, the business earned $0.33 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Safehold will post 1.59 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Monday, September 30th. Safehold's dividend payout ratio is presently -155.56%.

Institutional Trading of Safehold

A number of institutional investors have recently bought and sold shares of SAFE. GAMMA Investing LLC grew its holdings in Safehold by 108.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $46,000 after acquiring an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company's stock valued at $47,000 after buying an additional 471 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Safehold by 65.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,488 shares of the company's stock worth $175,000 after buying an additional 2,965 shares during the period. ProShare Advisors LLC lifted its holdings in Safehold by 7.5% during the first quarter. ProShare Advisors LLC now owns 9,728 shares of the company's stock worth $200,000 after acquiring an additional 676 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Safehold in the second quarter valued at about $204,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Company Profile

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.