Safehold Inc. (NYSE:SAFE) Receives $25.00 Average Target Price from Brokerages

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have received an average recommendation of "Hold" from the nine ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $25.00.

SAFE has been the topic of several analyst reports. Mizuho lowered their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group lowered 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. Morgan Stanley cut shares of Safehold from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Wedbush reiterated a "neutral" rating and issued a $20.00 price target on shares of Safehold in a research report on Monday, March 31st. Finally, JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th.

Safehold Stock Performance

Shares of Safehold stock traded down $0.99 during trading hours on Friday, reaching $14.93. 77,119 shares of the stock traded hands, compared to its average volume of 388,991. The company has a 50 day moving average price of $17.73 and a 200 day moving average price of $19.70. Safehold has a one year low of $14.24 and a one year high of $28.80. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.13 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period in the prior year, the firm earned $0.36 EPS. On average, equities research analysts expect that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Monday, March 31st. Safehold's dividend payout ratio (DPR) is presently 47.30%.

Institutional Trading of Safehold

A number of large investors have recently made changes to their positions in SAFE. Charles Schwab Investment Management Inc. increased its stake in Safehold by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock worth $18,039,000 after acquiring an additional 39,320 shares during the last quarter. FMR LLC lifted its position in Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after buying an additional 1,163 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Safehold by 266.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company's stock worth $9,171,000 after buying an additional 254,227 shares during the period. Centiva Capital LP increased its position in Safehold by 17.2% during the third quarter. Centiva Capital LP now owns 26,814 shares of the company's stock valued at $703,000 after acquiring an additional 3,930 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Safehold in the third quarter valued at $1,130,000. 70.38% of the stock is currently owned by institutional investors.

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.