Safehold (NYSE:SAFE) Trading Up 2.4% - Here's What Happened

Safehold Inc. (NYSE:SAFE - Get Free Report) was up 2.4% during trading on Monday . The company traded as high as $18.42 and last traded at $18.35. Approximately 11,801 shares traded hands during trading, a decline of 97% from the average daily volume of 381,588 shares. The stock had previously closed at $17.92.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Mizuho dropped their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday. Morgan Stanley lowered shares of Safehold from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research note on Monday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.00.

Safehold Price Performance

The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The firm has a market cap of $1.27 billion, a P/E ratio of 11.97 and a beta of 1.62. The company's 50-day moving average is $17.76 and its two-hundred day moving average is $20.17.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period last year, the firm posted $0.36 earnings per share. Sell-side analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.177 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.00%. Safehold's dividend payout ratio (DPR) is presently 47.30%.

Hedge Funds Weigh In On Safehold

Several large investors have recently bought and sold shares of SAFE. JPMorgan Chase & Co. increased its holdings in Safehold by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock worth $17,369,000 after buying an additional 91,965 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Safehold by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock valued at $18,039,000 after purchasing an additional 39,320 shares during the period. Barclays PLC increased its stake in Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock worth $2,254,000 after acquiring an additional 65,370 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Safehold by 265.4% during the 4th quarter. SG Americas Securities LLC now owns 24,071 shares of the company's stock worth $445,000 after acquiring an additional 17,484 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Safehold by 3.1% during the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock worth $32,734,000 after acquiring an additional 38,074 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

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.