Safehold (NYSE:SAFE - Get Free Report) had its price target cut by investment analysts at Mizuho from $19.00 to $16.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Mizuho's price objective suggests a potential upside of 4.85% from the stock's current price.
Several other equities research analysts also recently issued reports on SAFE. The Goldman Sachs Group lowered their price target on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of Safehold in a report on Monday, March 31st. Royal Bank of Canada dropped their price objective on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Morgan Stanley dropped their price objective on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, Truist Financial reduced their target price on shares of Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday, May 19th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.13.
Check Out Our Latest Stock Analysis on Safehold
Safehold Stock Performance
Safehold stock traded down $0.01 during mid-day trading on Monday, reaching $15.26. The company had a trading volume of 123,753 shares, compared to its average volume of 400,777. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold has a 52 week low of $13.68 and a 52 week high of $28.80. The company has a 50 day moving average of $15.29 and a 200-day moving average of $17.16. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.32 and a beta of 1.80.
Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Safehold had a net margin of 28.92% and a return on equity of 4.76%. The firm had revenue of $97.68 million during the quarter, compared to the consensus estimate of $95.55 million. During the same period last year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Safehold will post 1.58 EPS for the current fiscal year.
Institutional Investors Weigh In On Safehold
Several institutional investors have recently added to or reduced their stakes in SAFE. Allspring Global Investments Holdings LLC boosted its holdings in Safehold by 1,683.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company's stock worth $4,209,000 after purchasing an additional 214,979 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Safehold by 7.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 71,194 shares of the company's stock worth $1,326,000 after acquiring an additional 4,900 shares during the last quarter. Rhumbline Advisers raised its position in shares of Safehold by 0.4% during the 4th quarter. Rhumbline Advisers now owns 163,179 shares of the company's stock valued at $3,016,000 after purchasing an additional 663 shares during the period. Principal Financial Group Inc. lifted its stake in Safehold by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 222,050 shares of the company's stock worth $4,103,000 after purchasing an additional 6,093 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in shares of Safehold by 5.9% in the 4th quarter. Peregrine Capital Management LLC now owns 308,835 shares of the company's stock worth $5,707,000 after buying an additional 17,220 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.
Safehold Company Profile
(
Get Free Report)
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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.
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