Safehold Inc. (NYSE:SAFE – Get Free Report) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $25.56.
A number of analysts have weighed in on SAFE shares. Wedbush reissued a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of Safehold in a report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their target price 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, Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th.
Get Our Latest Stock Analysis on Safehold
Hedge Funds Weigh In On Safehold
Safehold Price Performance
NYSE SAFE opened at $19.20 on Tuesday. The stock has a 50-day simple moving average of $17.30 and a 200 day simple moving average of $20.72. Safehold has a twelve month low of $15.55 and a twelve month high of $28.80. The stock has a market capitalization of $1.37 billion, a PE ratio of 12.97 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59.
Safehold (NYSE:SAFE – Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the firm earned $0.36 earnings per share. Research analysts anticipate that Safehold will post 1.58 EPS for the current year.
Safehold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, March 31st. Safehold’s payout ratio is 47.30%.
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.
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