Zacks Investment Research upgraded shares of Safehold (NYSE:SAFE) from a sell rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

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. “

A number of other analysts have also weighed in on the company. ValuEngine upgraded Safehold from a hold rating to a buy rating in a research note on Wednesday, April 24th. Barclays upgraded Safehold from an equal weight rating to an overweight rating and raised their target price for the company from $21.00 to $22.00 in a research note on Monday, February 4th.

Shares of NYSE:SAFE opened at $27.29 on Thursday. Safehold has a twelve month low of $16.13 and a twelve month high of $29.48. The firm has a market capitalization of $509.35 million, a PE ratio of 42.64 and a beta of 0.30.

Safehold (NYSE:SAFE) last announced its earnings results on Thursday, April 25th. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). Safehold had a net margin of 31.96% and a return on equity of 4.50%. The business had revenue of $21.80 million during the quarter, compared to analyst estimates of $20.81 million. Sell-side analysts predict that Safehold will post 1.44 EPS for the current year.

In other news, major shareholder Istar Inc. acquired 5,414 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average cost of $23.18 per share, for a total transaction of $125,496.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 156,739 shares of company stock valued at $3,727,692. Corporate insiders own 1.47% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SAFE. Vanguard Group Inc increased its position in Safehold by 13.6% in the third quarter. Vanguard Group Inc now owns 489,102 shares of the company’s stock worth $9,161,000 after purchasing an additional 58,531 shares during the period. Vanguard Group Inc. increased its position in Safehold by 13.6% in the third quarter. Vanguard Group Inc. now owns 489,102 shares of the company’s stock worth $9,161,000 after purchasing an additional 58,531 shares during the period. Renaissance Technologies LLC acquired a new stake in Safehold in the third quarter worth about $1,026,000. FMR LLC increased its position in Safehold by 7.7% in the first quarter. FMR LLC now owns 484,299 shares of the company’s stock worth $10,563,000 after purchasing an additional 34,628 shares during the period. Finally, Angeles Investment Advisors LLC acquired a new stake in Safehold in the first quarter worth about $414,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.

About Safehold

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.

See Also: Understanding Compound Annual Growth Rate (CAGR)

Get a free copy of the Zacks research report on Safehold (SAFE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Safehold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safehold and related companies with MarketBeat.com's FREE daily email newsletter.