Safehold Inc. (NYSE:SAFE) Receives $25.56 Average Price Target from Analysts

Safehold Inc. (NYSE:SAFE) 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.

Hedge Funds Weigh In On Safehold

A number of hedge funds have recently modified their holdings of SAFE. Smartleaf Asset Management LLC increased its holdings in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after buying an additional 1,020 shares in the last quarter. KBC Group NV raised its position in Safehold by 79.3% in 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 last quarter. Vestcor Inc bought a new position in Safehold in the 3rd quarter valued at $110,000. Tower Research Capital LLC TRC boosted its stake in Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock worth $83,000 after purchasing an additional 849 shares in the last quarter. Finally, FMR LLC increased its stake in shares of 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 buying an additional 1,163 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

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) 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.