Safehold Inc. (NYSE:SAFE - Get Free Report) shot up 2.4% during mid-day trading on Monday . The company traded as high as $18.42 and last traded at $18.35. 11,801 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 381,588 shares. The stock had previously closed at $17.92.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on SAFE shares. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. The Goldman Sachs Group reduced their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered Safehold from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Mizuho lowered their price target on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Wedbush reaffirmed a "neutral" rating and set a $20.00 target price on shares of Safehold in a research note on Monday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $25.00.
Get Our Latest Stock Analysis on SAFE
Safehold Stock Performance
The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 12.06 and a beta of 1.62. 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 stock has a fifty day moving average price of $17.76 and a 200 day moving average price of $20.17.
Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.
Safehold Announces Dividend
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 paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Monday, March 31st. Safehold's payout ratio is currently 47.30%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 1,020 shares during the period. Versant Capital Management Inc lifted its position in shares of Safehold by 73.9% during the 1st quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock worth $44,000 after buying an additional 1,010 shares during the period. Tower Research Capital LLC TRC boosted its stake in Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after buying an additional 849 shares in the last quarter. Vestcor Inc bought a new stake in Safehold in the third quarter valued at $110,000. Finally, FMR LLC grew its position in Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company's stock valued at $153,000 after acquiring an additional 1,163 shares during the period. Institutional investors own 70.38% of the company's stock.
Safehold Company Profile
(
Get Free Report)
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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