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

Shares of Safehold Inc. (NYSE:SAFE) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.7143.

A number of research firms have recently commented on SAFE. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada downgraded shares of Safehold from a “market outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $18.00 to $16.00 in a research note on Friday, May 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research note on Friday, July 17th. The Goldman Sachs Group dropped their price objective on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th.

Safehold Stock Performance

Shares of NYSE SAFE opened at $16.07 on Friday. The business’s 50-day simple moving average is $15.64 and its 200-day simple moving average is $15.17. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. Safehold has a 52 week low of $12.76 and a 52 week high of $17.45. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 2.13 and a beta of 1.77.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $110.85 million during the quarter, compared to analyst estimates of $96.51 million. Safehold had a return on equity of 4.78% and a net margin of 28.58%. As a group, equities research analysts expect that Safehold will post 1.64 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.177 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.4%. Safehold’s payout ratio is 44.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Safehold during the fourth quarter worth approximately $31,000. Russell Investments Group Ltd. increased its holdings in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after purchasing an additional 1,789 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Safehold in the 3rd quarter valued at about $57,000. Federation des caisses Desjardins du Quebec raised its holdings in Safehold by 25.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after purchasing an additional 908 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Safehold by 98.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock worth $75,000 after acquiring an additional 2,393 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

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.