Safehold Inc. (NYSE:SAFE) Stock Has Average Target Price of $14.17 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on Safehold, with 10 hold, two buy, and one sell rating among 13 brokerages. The average 12-month price target is $14.17, above the stock’s reported $11.30 price.
• Safehold reported quarterly EPS of $0.42, matching estimates, while revenue of $114.65 million exceeded expectations of $110.78 million. Analysts expect full-year EPS of approximately $1.64.
• The company declared a quarterly dividend of $0.177, equivalent to about $0.71 annually and a 6.3% yield. Institutional investors own 70.38% of Safehold, while an insider recently reduced holdings by selling 9,500 shares.

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have earned an average rating of "Hold" from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.17.

Several research analysts recently commented on the company. Weiss Ratings lowered Safehold from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, October 6th. Wall Street Zen raised shares of Safehold from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Morgan Stanley set a $12.00 price target on shares of Safehold and gave the stock an "equal weight" rating in a report on Monday, October 26th. Royal Bank Of Canada dropped their price objective on shares of Safehold from $16.00 to $13.00 and set a "sector perform" rating on the stock in a report on Friday, October 9th. Finally, Raymond James Financial assumed coverage on shares of Safehold in a report on Wednesday, August 19th. They issued a "market perform" rating on the stock.

Insider Buying and Selling at Safehold

In other Safehold news, Director Robin Josephs sold 9,500 shares of Safehold stock in a transaction 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 sale, the director owned 89,068 shares of the company's stock, valued at $1,296,830.08. The trade was a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SAFE. Hollow Brook Wealth Management LLC purchased a new position in shares of Safehold during the third quarter worth about $261,000. Asset Management One Co. Ltd. increased its position in Safehold by 7.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 64,417 shares of the company's stock valued at $758,000 after acquiring an additional 4,546 shares during the period. Signaturefd LLC raised its stake in Safehold by 312.6% during the 3rd quarter. Signaturefd LLC now owns 8,429 shares of the company's stock valued at $99,000 after acquiring an additional 6,386 shares during the last quarter. Sterling Capital Management LLC raised its stake in Safehold by 15.7% during the 3rd quarter. Sterling Capital Management LLC now owns 22,579 shares of the company's stock valued at $266,000 after acquiring an additional 3,071 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in Safehold during the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Trading Down 0.4%

Safehold stock opened at $11.30 on Friday. Safehold has a 12-month low of $10.61 and a 12-month high of $17.45. The company has a current ratio of 34.37, a quick ratio of 34.36 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $800.27 million, a price-to-earnings ratio of 6.98, a P/E/G ratio of 3.38 and a beta of 1.78. The firm has a 50 day moving average of $12.98 and a 200 day moving average of $14.71.

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

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.1770 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 6.3%. Safehold's dividend payout ratio (DPR) is currently 43.83%.

About Safehold

Safehold Inc NYSE: SAFE is a real estate investment trust that owns and manages ground leases for commercial, multifamily, and other income-producing properties. Under a ground lease, Safehold owns the land beneath a building while the property owner leases the land for a long term and retains ownership of the improvements on it.

The company's business model is designed to provide property owners with access to capital while allowing them to maintain control of their buildings. Safehold's ground lease investments are generally structured as long-duration leases that can support the development, acquisition, refinancing, or recapitalization of real estate assets.

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