Safehold (NYSE:SAFE) Releases Quarterly Earnings Results, Meets Expectations

Safehold (NYSE:SAFE) posted its quarterly earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42, FiscalAI reports. Safehold had a net margin of 29.69% and a return on equity of 4.94%. The business had revenue of $97.87 million during the quarter, compared to the consensus estimate of $96.71 million.

Safehold Stock Performance

Shares of SAFE opened at $14.82 on Friday. The firm’s 50 day moving average price is $14.22 and its two-hundred day moving average price is $14.71. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. Safehold has a twelve month low of $12.76 and a twelve month high of $19.53. The firm has a market cap of $1.06 billion, a P/E ratio of 9.26, a PEG ratio of 2.09 and a beta of 1.86.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, December 30th. Safehold’s dividend payout ratio (DPR) is 45.22%.

Hedge Funds Weigh In On Safehold

A number of large investors have recently added to or reduced their stakes in the company. Guardsman Private Capital Management Inc. bought a new stake in shares of Safehold in the fourth quarter valued at about $145,000. Federation des caisses Desjardins du Quebec lifted its stake in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after acquiring an additional 908 shares in the last quarter. New York State Common Retirement Fund boosted its position in Safehold by 134.0% during the 4th quarter. New York State Common Retirement Fund now owns 37,018 shares of the company’s stock worth $507,000 after acquiring an additional 21,200 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its position in Safehold by 90.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 47,181 shares of the company’s stock worth $646,000 after acquiring an additional 22,372 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Safehold by 2.2% during the 4th quarter. Swiss National Bank now owns 92,014 shares of the company’s stock worth $1,260,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Royal Bank Of Canada decreased their target price on Safehold from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Mizuho upped their price target on Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $16.00 to $14.00 in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Safehold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.