Safehold Inc. (NYSE:SAFE) Receives $28.22 Consensus PT from Brokerages

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have earned an average rating of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $28.22.

Several brokerages have commented on SAFE. Raymond James raised Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a research report on Thursday, September 19th. Royal Bank of Canada lifted 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. Mizuho upped their price target on Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Truist Financial lifted their price objective on Safehold from $21.00 to $22.00 and gave the company a "hold" rating in a research note on Monday, August 5th. Finally, Wedbush restated a "neutral" rating and set a $23.00 price target (down from $25.00) on shares of Safehold in a report on Monday, November 4th.

Institutional Investors Weigh In On Safehold

A number of large investors have recently made changes to their positions in the company. Angeles Wealth Management LLC purchased a new stake in Safehold during the second quarter valued at approximately $585,000. Victory Capital Management Inc. bought a new stake in shares of Safehold during the 3rd quarter valued at $639,000. Bank of New York Mellon Corp increased its stake in shares of Safehold by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company's stock worth $9,080,000 after purchasing an additional 34,404 shares in the last quarter. Toth Financial Advisory Corp bought a new position in Safehold in the 3rd quarter worth $766,000. Finally, Long Pond Capital LP lifted its position in Safehold by 14.9% during the second quarter. Long Pond Capital LP now owns 2,662,579 shares of the company's stock valued at $51,361,000 after purchasing an additional 345,661 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Safehold Price Performance

Shares of SAFE stock traded up $0.04 during trading hours on Friday, hitting $21.36. 228,516 shares of the company's stock were exchanged, compared to its average volume of 379,255. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $1.53 billion, a PE ratio of 12.56 and a beta of 1.68. The business's 50 day simple moving average is $23.00 and its 200-day simple moving average is $22.22. Safehold has a 12-month low of $17.91 and a 12-month high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, equities research analysts anticipate that Safehold will post 1.56 earnings per share for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.31%. Safehold's dividend payout ratio (DPR) is currently 41.76%.

About Safehold

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.