Safehold Inc. (NYSE:SAFE) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts maintain a cautious stance: Safehold has an average “Hold” rating from 10 analysts—seven holds, two buys and one sell—with an average 12-month price target of $17.17.
• Quarterly results met expectations: Safehold reported earnings of $0.42 per share, matching consensus estimates, while revenue of $114.65 million exceeded expectations of $110.78 million.
• Stock and ownership details: Shares opened at $14.01, near the lower end of their 52-week range, and the company pays an annualized dividend of $0.71, yielding about 5.1%. Institutional investors own 70.38% of the stock, while a company director recently sold 9,500 shares.

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have been assigned an average recommendation of "Hold" from the ten ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.1667.

A number of research firms recently commented on SAFE. Weiss Ratings raised shares of Safehold from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 31st. The Goldman Sachs Group reduced their price target on Safehold from $27.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, May 15th. Raymond James Financial assumed coverage on Safehold in a report on Wednesday, August 19th. They set a "market perform" rating for the company. Zacks Research raised Safehold from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Safehold in a research note on Tuesday, August 4th.

Insiders Place Their Bets

In other Safehold news, Director Robin Josephs sold 9,500 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $14.56, for a total transaction of $138,320.00. Following the transaction, the director owned 89,068 shares in the company, valued at approximately $1,296,830.08. This represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company's stock.

Institutional Trading of Safehold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAFE. Tidal Investments LLC acquired a new position in shares of Safehold in the second quarter valued at about $1,077,000. Squarepoint Ops LLC acquired a new stake in shares of Safehold during the second quarter worth about $658,000. Corient Private Wealth LP lifted its holdings in shares of Safehold by 37.6% during the second quarter. Corient Private Wealth LP now owns 15,273 shares of the company's stock worth $241,000 after purchasing an additional 4,171 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Safehold in the second quarter valued at approximately $189,000. Finally, California State Teachers Retirement System boosted its position in Safehold by 1,761.8% in the second quarter. California State Teachers Retirement System now owns 808,032 shares of the company's stock valued at $12,686,000 after buying an additional 764,632 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Stock Performance

Shares of Safehold stock opened at $14.01 on Friday. The company has a market capitalization of $991.98 million, a PE ratio of 8.65, a P/E/G ratio of 4.28 and a beta of 1.73. The company has a 50-day simple moving average of $15.76 and a two-hundred day simple moving average of $15.34. Safehold has a one year low of $12.76 and a one year high of $17.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Safehold had a net margin of 27.70% and a return on equity of 4.76%. The business had revenue of $114.65 million for the quarter, compared to analysts' expectations of $110.78 million. Research analysts expect that Safehold will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 5.1%. Safehold's dividend payout ratio (DPR) is 43.83%.

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.

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