Safehold (NYSE:SAFE) Stock Price Up 4.3% - Should You Buy?

Safehold Inc. (NYSE:SAFE - Get Free Report) was up 4.3% on Tuesday . The stock traded as high as $18.83 and last traded at $18.88. Approximately 84,868 shares changed hands during trading, a decline of 76% from the average daily volume of 354,107 shares. The stock had previously closed at $18.11.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SAFE shares. Wedbush reiterated a "neutral" rating and set a $19.00 price objective (down from $20.00) on shares of Safehold in a research report on Friday, February 7th. Morgan Stanley cut shares of Safehold from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group decreased their target price on shares of Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.56.

Safehold Stock Performance

The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The firm's 50 day moving average is $17.23 and its 200-day moving average is $21.00. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.60 and a beta of 1.75.

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Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting 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 period last year, the firm posted $0.36 earnings per share. Sell-side analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Monday, December 30th. Safehold's payout ratio is presently 47.30%.

Institutional Investors Weigh In On Safehold

Several institutional investors and hedge funds have recently modified their holdings of SAFE. T. Rowe Price Investment Management Inc. raised its holdings in Safehold by 8.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company's stock worth $78,850,000 after acquiring an additional 336,458 shares during the period. State Street Corp raised its holdings in Safehold by 2.0% in the 3rd quarter. State Street Corp now owns 2,618,033 shares of the company's stock worth $69,131,000 after acquiring an additional 51,035 shares during the period. American Century Companies Inc. raised its holdings in Safehold by 11.1% in the 4th quarter. American Century Companies Inc. now owns 1,515,743 shares of the company's stock worth $28,011,000 after acquiring an additional 150,976 shares during the period. Geode Capital Management LLC raised its holdings in Safehold by 3.1% in the 3rd 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 during the period. Finally, JPMorgan Chase & Co. raised its holdings in Safehold by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock worth $19,424,000 after acquiring an additional 388,899 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

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.