Safehold Inc. (NYSE:SAFE - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $15.55 and last traded at $16.34, with a volume of 538057 shares trading hands. The stock had previously closed at $15.89.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Raymond James raised 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. The Goldman Sachs Group reduced their price objective 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 boosted their price target on shares of Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Wedbush reiterated a "neutral" rating and issued a $23.00 price objective (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of Safehold in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.88.
Get Our Latest Analysis on SAFE
Safehold Trading Up 1.4 %
The business has a 50 day simple moving average of $19.81 and a two-hundred day simple moving average of $22.26. The company has a market cap of $1.18 billion, a PE ratio of 9.75 and a beta of 1.67. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85.
Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The business had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts forecast that Safehold Inc. will post 1.56 EPS for the current fiscal year.
Safehold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a $0.177 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.27%. Safehold's payout ratio is currently 41.18%.
Institutional Investors Weigh In On Safehold
Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Safehold by 108.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $46,000 after purchasing an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company's stock worth $47,000 after purchasing an additional 471 shares in the last quarter. KBC Group NV raised its stake in Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company's stock valued at $76,000 after purchasing an additional 1,275 shares during the period. Vestcor Inc purchased a new stake in Safehold in the 3rd quarter worth about $110,000. Finally, FMR LLC grew its stake in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock valued at $153,000 after acquiring an additional 1,163 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.
About Safehold
(
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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.
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