A number of research firms have changed their ratings and price targets for Safehold (NYSE: SAFE):

  • 8/18/2019 – Safehold had its price target raised by analysts at Barclays PLC from $25.00 to $26.00. They now have an “underweight” rating on the stock.
  • 8/10/2019 – Safehold was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Safety, Income and Growth, Inc. acquires, owns, manages, finances and capitalizes ground net leases. Safety, Income and Growth, Inc. is based in New York, United States. “
  • 8/7/2019 – Safehold was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 8/2/2019 – Safehold was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “strong-buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “Safety, Income and Growth, Inc. acquires, owns, manages, finances and capitalizes ground net leases. Safety, Income and Growth, Inc. is based in New York, United States. “
  • 8/1/2019 – Safehold was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2019 – Safehold was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Safety, Income and Growth, Inc. acquires, owns, manages, finances and capitalizes ground net leases. Safety, Income and Growth, Inc. is based in New York, United States. “
  • 7/30/2019 – Safehold was downgraded by analysts at Barclays PLC from an “overweight” rating to an “underweight” rating. They now have a $25.00 price target on the stock, up previously from $23.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/3/2019 – Safehold was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Safety, Income and Growth, Inc. acquires, owns, manages, finances and capitalizes ground net leases. Safety, Income and Growth, Inc. is based in New York, United States. “
  • 6/26/2019 – Safehold was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $33.00 price target on the stock. According to Zacks, “Safety, Income and Growth, Inc. acquires, owns, manages, finances and capitalizes ground net leases. Safety, Income and Growth, Inc. is based in New York, United States. “

Shares of SAFE stock traded up $0.01 during mid-day trading on Tuesday, reaching $28.96. 3,108 shares of the stock traded hands, compared to its average volume of 212,265. The stock’s fifty day simple moving average is $31.59 and its two-hundred day simple moving average is $25.74. Safehold Inc has a 1-year low of $16.13 and a 1-year high of $34.14. The company has a market cap of $993.71 million, a price-to-earnings ratio of 45.25 and a beta of 0.26.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.12). The firm had revenue of $19.68 million for the quarter, compared to analyst estimates of $19.77 million. Safehold had a net margin of 32.29% and a return on equity of 4.57%. Equities research analysts expect that Safehold Inc will post 1.14 EPS for the current fiscal year.

In related news, major shareholder Istar Inc. acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $27.95 per share, with a total value of $419,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 300,132 shares of company stock worth $9,074,830. 1.47% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in Safehold by 83.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock worth $47,000 after purchasing an additional 711 shares in the last quarter. Northern Trust Corp increased its holdings in Safehold by 1.1% in the fourth quarter. Northern Trust Corp now owns 86,502 shares of the company’s stock worth $1,627,000 after purchasing an additional 900 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Safehold by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 72,012 shares of the company’s stock worth $1,355,000 after purchasing an additional 1,004 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Safehold in the second quarter worth approximately $36,000. Finally, Wells Fargo & Company MN increased its holdings in Safehold by 8.8% in the second quarter. Wells Fargo & Company MN now owns 17,460 shares of the company’s stock worth $528,000 after purchasing an additional 1,412 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors.

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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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