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

Safehold (NYSE:SAFE - Get Free Report) had its price objective decreased by equities research analysts at Morgan Stanley from $19.00 to $17.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 5.07% from the company's previous close.

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

Safehold Stock Up 3.1 %

NYSE:SAFE traded up $0.49 on Tuesday, hitting $16.18. 307,375 shares of the company's stock were exchanged, compared to its average volume of 397,834. The firm has a 50-day moving average price of $17.10 and a 200-day moving average price of $18.55. Safehold has a 52 week low of $13.68 and a 52 week high of $28.80. 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 market cap of $1.16 billion, a P/E ratio of 10.93 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the firm earned $0.36 EPS. As a group, analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock valued at $26,000 after acquiring an additional 1,020 shares during the period. Versant Capital Management Inc raised its stake in Safehold by 73.9% in the 1st 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after purchasing an additional 849 shares during the period. PNC Financial Services Group Inc. grew its position in Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after buying an additional 1,173 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Safehold during the 4th quarter worth $169,000. Institutional investors own 70.38% of the company's stock.

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.