Safehold Inc. (NYSE:SAFE) Receives $25.56 Consensus Target Price from Brokerages

Safehold Inc. (NYSE:SAFE - Get Free Report) has been given a consensus recommendation of "Hold" by the nine ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.56.

A number of equities analysts recently commented on SAFE shares. Morgan Stanley lowered shares of Safehold from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group lowered their target price on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Mizuho lifted their price target on shares of Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Wedbush reissued a "neutral" rating and set a $19.00 price target (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $46,000 after buying an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 during the last quarter. KBC Group NV boosted its position in Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company's stock worth $76,000 after buying an additional 1,275 shares during the period. Finally, Vestcor Inc bought a new stake in Safehold during the 3rd quarter worth approximately $110,000. Institutional investors own 70.38% of the company's stock.

Safehold Stock Performance

Shares of NYSE:SAFE traded down $0.51 during trading on Friday, reaching $17.00. 296,554 shares of the stock were exchanged, compared to its average volume of 500,302. Safehold has a 12 month low of $15.55 and a 12 month high of $28.80. The stock has a 50-day moving average price of $17.78 and a 200-day moving average price of $21.51. The company has a current ratio of 37.37, a quick ratio of 37.83 and a debt-to-equity ratio of 1.82. The firm has a market cap of $1.21 billion, a PE ratio of 11.49 and a beta of 1.66.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the prior year, the firm posted $0.36 earnings per share. Research analysts expect that Safehold will post 1.59 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.16%. Safehold's dividend payout ratio (DPR) is currently 47.97%.

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.