Safehold Inc. (NYSE:SAFE) Given Average Recommendation of "Hold" by Analysts

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.00.

A number of research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research note on Tuesday, October 29th. The Goldman Sachs Group cut their price objective on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Wedbush reissued a "neutral" rating and issued a $23.00 target price (down previously from $25.00) on shares of Safehold in a research report on Monday, November 4th. Finally, Morgan Stanley cut Safehold from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Safehold by 16.1% in the 3rd 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. Victory Capital Management Inc. bought a new stake in Safehold during the 3rd quarter valued at approximately $639,000. Charles Schwab Investment Management Inc. lifted its holdings in Safehold by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock worth $18,039,000 after purchasing an additional 39,320 shares in the last quarter. Barclays PLC grew its holdings in Safehold by 317.9% during the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock valued at $2,254,000 after buying an additional 65,370 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 buying an additional 38,074 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

Safehold Trading Down 0.5 %

Shares of NYSE:SAFE traded down $0.08 on Monday, reaching $17.01. 315,802 shares of the company traded hands, compared to its average volume of 474,754. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.01 and a beta of 1.67. The business's 50-day simple moving average is $19.50 and its 200 day simple moving average is $22.20. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. Safehold has a 52 week low of $15.55 and a 52 week high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The firm had revenue of $90.70 million during the quarter, compared to analyst estimates of $89.45 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 annualized dividend and a yield of 4.16%. Safehold's payout ratio is presently 41.18%.

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.