Safehold Inc. (NYSE:SAFE) Given Consensus Rating of “Hold” by Brokerages

Safehold Inc. (NYSE:SAFE) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.2222.

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. Royal Bank Of Canada dropped their price target on Safehold from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Mizuho reduced their price objective on Safehold from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th.

Safehold Stock Up 1.4%

Shares of NYSE:SAFE opened at $14.86 on Monday. Safehold has a 52 week low of $12.76 and a 52 week high of $19.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. The company’s fifty day moving average is $13.70 and its 200-day moving average is $14.82. The company has a market capitalization of $1.07 billion, a PE ratio of 9.46, a P/E/G ratio of 2.16 and a beta of 1.84.

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

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th will be given a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, December 30th. Safehold’s dividend payout ratio (DPR) is presently 44.59%.

Institutional Trading of Safehold

Several hedge funds have recently modified their holdings of SAFE. Ameritas Investment Partners Inc. raised its holdings in Safehold by 13.8% during the second quarter. Ameritas Investment Partners Inc. now owns 5,735 shares of the company’s stock worth $89,000 after acquiring an additional 695 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Safehold by 39.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock worth $40,000 after purchasing an additional 743 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Safehold by 5.6% during the 2nd quarter. Franklin Resources Inc. now owns 16,462 shares of the company’s stock worth $256,000 after purchasing an additional 878 shares during the last quarter. State of Tennessee Department of Treasury raised its stake 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 worth $289,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Safehold by 0.3% in the 2nd quarter. Legal & General Group Plc now owns 333,442 shares of the company’s stock valued at $5,188,000 after buying an additional 1,083 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Safehold Company Profile

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.