Safehold Inc. (NYSE:SAFE) Given Average Rating of "Hold" by Brokerages

Safehold Inc. (NYSE:SAFE - Get Free Report) has earned a consensus rating of "Hold" from the nine brokerages that are currently 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 target price among brokers that have covered the stock in the last year is $25.56.

Several research firms have recently weighed in on SAFE. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Wedbush restated a "neutral" rating and set a $19.00 price target (down from $20.00) on shares of Safehold in a report on Friday, February 7th. Finally, Morgan Stanley cut Safehold from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th.

Safehold Price Performance

NYSE SAFE traded up $0.36 during trading on Tuesday, hitting $18.93. 380,160 shares of the company's stock were exchanged, compared to its average volume of 360,026. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The company has a market cap of $1.35 billion, a PE ratio of 12.79 and a beta of 1.75. Safehold has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The stock's 50 day moving average price is $17.27 and its two-hundred day moving average price is $20.87.

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Safehold (NYSE:SAFE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting 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 quarter in the prior year, the business earned $0.36 earnings per share. Research analysts expect that Safehold will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business 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 annualized dividend and a yield of 3.74%. Safehold's payout ratio is presently 47.30%.

Hedge Funds Weigh In On Safehold

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after buying an additional 1,020 shares in the last quarter. KBC Group NV boosted its holdings in shares of 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 in the last quarter. Vestcor Inc bought a new position in shares of Safehold during the 3rd quarter worth approximately $110,000. Tower Research Capital LLC TRC boosted its holdings in shares of Safehold by 23.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock worth $83,000 after buying an additional 849 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after buying an additional 1,163 shares in the last quarter. 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.