Safehold (NYSE:SAFE) Shares Up 5.1% - Time to Buy?

Safehold Inc. (NYSE:SAFE - Get Free Report) shares shot up 5.1% during trading on Monday . The stock traded as high as $21.76 and last traded at $21.75. 82,536 shares were traded during mid-day trading, a decline of 76% from the average session volume of 344,017 shares. The stock had previously closed at $20.70.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wedbush increased their price objective on shares of Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Raymond James upgraded Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research report on Thursday, September 19th. The Goldman Sachs Group lowered their target price on shares of Safehold from $38.00 to $30.00 and set a "buy" rating for the company in a research note on Friday. Royal Bank of Canada increased their price target on Safehold from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Mizuho boosted their price objective on Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.44.

Safehold Trading Up 2.4 %

The company has a debt-to-equity ratio of 1.85, a quick ratio of 38.83 and a current ratio of 37.83. The business's 50-day moving average price is $24.97 and its 200 day moving average price is $22.01. The company has a market cap of $1.51 billion, a P/E ratio of 12.46 and a beta of 1.68.

Safehold (NYSE:SAFE - Get Free Report) last posted 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 return on equity of 4.79% and a net margin of 32.08%. The business had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Safehold Inc. will post 1.57 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.177 per share. The ex-dividend date was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.34%. Safehold's dividend payout ratio (DPR) is currently 41.76%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Long Pond Capital LP lifted its position in shares of Safehold by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 2,662,579 shares of the company's stock worth $51,361,000 after buying an additional 345,661 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Safehold by 62.4% in the 1st quarter. Sei Investments Co. now owns 649,582 shares of the company's stock valued at $13,381,000 after acquiring an additional 249,500 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Safehold in the 1st quarter worth about $4,400,000. Vanguard Group Inc. raised its position in Safehold by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,861,603 shares of the company's stock valued at $161,949,000 after purchasing an additional 141,245 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Safehold during the first quarter worth about $1,979,000. Institutional investors and hedge funds own 70.38% of the company's stock.

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.