Morgan Stanley Cuts Safehold (NYSE:SAFE) Price Target to $17.00

Safehold (NYSE:SAFE - Get Free Report) had its price target decreased by Morgan Stanley from $19.00 to $17.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 5.07% from the stock's current price.

A number of other brokerages have also weighed in on SAFE. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of Safehold in a research report on Monday, March 31st. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on shares of Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, Mizuho reduced their target price on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Safehold presently has an average rating of "Moderate Buy" and an average target price of $25.25.

Safehold Stock Performance

Shares of NYSE:SAFE traded up $0.49 during midday trading on Tuesday, hitting $16.18. The company had a trading volume of 307,375 shares, compared to its average volume of 398,037. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.93 and a beta of 1.86. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The company has a fifty day moving average of $17.10 and a two-hundred day moving average of $18.50. Safehold has a 12-month low of $13.68 and a 12-month high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Safehold

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares during the period. Versant Capital Management Inc grew its holdings in shares of Safehold by 73.9% in the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock worth $44,000 after purchasing an additional 1,010 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock worth $83,000 after buying an additional 849 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Safehold by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after buying an additional 1,173 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Safehold in the 4th quarter valued at about $169,000. 70.38% of the stock is owned by institutional investors.

Safehold Company Profile

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.