Safehold (NYSE:SAFE) Cut to “Hold” at Zacks Research

Safehold (NYSE:SAFE) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley cut shares of Safehold from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $14.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on shares of Safehold from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Truist Financial lifted their price objective on Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut Safehold from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Safehold presently has an average rating of “Hold” and a consensus target price of $19.33.

Safehold Stock Down 0.4%

SAFE opened at $13.95 on Wednesday. Safehold has a one year low of $12.76 and a one year high of $19.21. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 1.89 and a beta of 1.80. The business’s fifty day moving average is $14.98 and its two-hundred day moving average is $14.72. The company has a debt-to-equity ratio of 1.88, a quick ratio of 34.97 and a current ratio of 34.97.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share (EPS) 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 business had revenue of $97.87 million during the quarter, compared to the consensus estimate of $96.71 million. Analysts anticipate that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Trading of Safehold

Several hedge funds and other institutional investors have recently bought and sold shares of SAFE. Ameritas Investment Partners Inc. lifted its stake in shares of Safehold by 13.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,735 shares of the company’s stock worth $89,000 after purchasing an additional 695 shares during the period. Hantz Financial Services Inc. increased its stake in Safehold by 39.9% in the third quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock valued at $40,000 after purchasing an additional 743 shares during the last quarter. Franklin Resources Inc. lifted its position in Safehold by 5.6% during the second quarter. Franklin Resources Inc. now owns 16,462 shares of the company’s stock worth $256,000 after buying an additional 878 shares during the period. Federation des caisses Desjardins du Quebec boosted 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 worth $61,000 after buying an additional 908 shares during the last quarter. Finally, Aberdeen Group plc boosted its stake in Safehold by 4.9% in the 4th quarter. Aberdeen Group plc now owns 19,892 shares of the company’s stock worth $272,000 after buying an additional 922 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other 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.