Analysts Set Safehold Inc. (NYSE:SAFE) Price Target at $19.56

Safehold Inc. (NYSE:SAFE) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.5556.

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Safehold from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, September 11th. Royal Bank Of Canada cut their price objective on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Cantor Fitzgerald set a $17.00 target price on Safehold and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a research note on Wednesday, October 8th. Finally, Mizuho upped their price objective on Safehold from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th.

Safehold Trading Up 0.7%

Shares of NYSE SAFE opened at $14.10 on Thursday. Safehold has a 12-month low of $12.76 and a 12-month high of $21.24. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.85. The company has a current ratio of 36.91, a quick ratio of 36.91 and a debt-to-equity ratio of 1.86. The stock’s 50 day simple moving average is $14.27 and its 200 day simple moving average is $15.04.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter. Safehold had a return on equity of 4.78% and a net margin of 29.67%.The firm had revenue of $50.20 million during the quarter. Equities research analysts expect that Safehold will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.71 annualized dividend and a dividend yield of 5.0%. Safehold’s payout ratio is presently 45.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its stake in Safehold by 13.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,735 shares of the company’s stock valued at $89,000 after purchasing an additional 695 shares during the period. Hantz Financial Services Inc. raised its position in Safehold by 39.9% in the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after acquiring an additional 743 shares during the period. Franklin Resources Inc. boosted its stake in Safehold by 5.6% in the second quarter. Franklin Resources Inc. now owns 16,462 shares of the company’s stock valued at $256,000 after acquiring an additional 878 shares during the last quarter. State of Tennessee Department of Treasury grew its position in shares of Safehold by 6.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 18,567 shares of the company’s stock valued at $289,000 after acquiring an additional 1,048 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Safehold by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 333,442 shares of the company’s stock worth $5,188,000 after purchasing an additional 1,083 shares during the last quarter. Institutional investors 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.