Safehold Inc. (NYSE:SAFE) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.22.

Several research analysts have recently issued reports on SAFE shares. Royal Bank of Canada upped their target price on shares of Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a report on Tuesday, October 29th. Wedbush reaffirmed a "neutral" rating and set a $23.00 price target (down from $25.00) on shares of Safehold in a research note on Monday. Truist Financial upped their target price on Safehold from $21.00 to $22.00 and gave the company a "hold" rating in a report on Monday, August 5th. Finally, Raymond James upgraded Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 target price on the stock in a report on Thursday, September 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Safehold by 108.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $46,000 after purchasing an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 purchasing an additional 471 shares during the period. KBC Group NV lifted its stake in Safehold by 79.3% in the third quarter. KBC Group NV now owns 2,883 shares of the company's stock valued at $76,000 after buying an additional 1,275 shares during the period. First Trust Direct Indexing L.P. bought a new position in Safehold during the 3rd quarter worth approximately $234,000. Finally, ProShare Advisors LLC grew its holdings in shares of Safehold by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 9,728 shares of the company's stock valued at $200,000 after buying an additional 676 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Price Performance

Shares of SAFE traded down $0.25 during mid-day trading on Wednesday, hitting $20.42. 416,484 shares of the company were exchanged, compared to its average volume of 347,011. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. The company has a 50 day moving average of $24.79 and a 200-day moving average of $22.04. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 12.16 and a beta of 1.68. Safehold has a 1-year low of $16.27 and a 1-year high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The business had revenue of $90.70 million during the quarter, compared to analysts' expectations of $89.45 million. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Analysts expect that Safehold will post 1.57 EPS for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Monday, September 30th. Safehold's dividend 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.