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

Safehold Inc. (NYSE:SAFE) has earned a consensus rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.3333.

Several brokerages have commented on SAFE. Zacks Research downgraded Safehold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Truist Financial raised their price target on shares of Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Morgan Stanley lowered shares of Safehold from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Citigroup reissued a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Safehold by 21.1% during the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock valued at $833,000 after purchasing an additional 7,743 shares in the last quarter. Amundi grew its position in shares of Safehold by 2.6% during the 1st quarter. Amundi now owns 50,855 shares of the company’s stock worth $906,000 after buying an additional 1,306 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Safehold by 1,106.2% during the 1st quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock worth $3,660,000 after buying an additional 179,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Safehold by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock valued at $576,000 after buying an additional 1,308 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Safehold by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after acquiring an additional 15,280 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Down 3.6%

Shares of NYSE:SAFE opened at $13.45 on Friday. The firm has a market capitalization of $965.39 million, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.89 and a beta of 1.80. The business has a 50 day simple moving average of $14.95 and a two-hundred day simple moving average of $14.70. Safehold has a 1 year low of $12.76 and a 1 year high of $19.21. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The firm had revenue of $97.87 million for the quarter, compared to the consensus estimate of $96.71 million. On average, equities analysts predict that Safehold will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Safehold’s payout ratio is currently 44.38%.

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.