Safehold Inc. (NYSE:SAFE - Free Report ) - Investment analysts at Wedbush decreased their Q2 2024 earnings per share estimates for shares of Safehold in a research report issued on Wednesday, May 8th. Wedbush analyst R. Anderson now forecasts that the company will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.36. The consensus estimate for Safehold's current full-year earnings is $1.53 per share. Wedbush also issued estimates for Safehold's Q3 2024 earnings at $0.36 EPS, FY2024 earnings at $1.51 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.58 EPS.
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SAFE has been the topic of a number of other reports. The Goldman Sachs Group boosted their target price on shares of Safehold from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, January 11th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on Safehold from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, April 17th. Royal Bank of Canada dropped their price objective on shares of Safehold from $32.00 to $29.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Mizuho downgraded shares of Safehold from a "buy" rating to a "neutral" rating and reduced their target price for the company from $22.00 to $20.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.22.
View Our Latest Analysis on Safehold
Safehold Price Performance Shares of SAFE stock traded down $0.44 on Friday, reaching $19.49. The company's stock had a trading volume of 360,779 shares, compared to its average volume of 342,795. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -44.29 and a beta of 1.48. The stock's fifty day simple moving average is $19.68 and its 200-day simple moving average is $20.09. The company has a current ratio of 36.61, a quick ratio of 36.61 and a debt-to-equity ratio of 1.78. Safehold has a 1 year low of $15.00 and a 1 year high of $29.11.
Safehold (NYSE:SAFE - Get Free Report ) last released its quarterly earnings results on Monday, May 6th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $93.20 million during the quarter, compared to analysts' expectations of $88.20 million. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS.
Institutional Trading of Safehold A number of large investors have recently modified their holdings of SAFE. Bank of New York Mellon Corp increased its position in Safehold by 6.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 421,911 shares of the company's stock valued at $7,510,000 after purchasing an additional 26,078 shares during the period. Brown Advisory Inc. purchased a new position in Safehold during the third quarter valued at approximately $214,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Safehold by 15.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,301 shares of the company's stock worth $272,000 after buying an additional 2,065 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Safehold by 5.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 13,269 shares of the company's stock worth $236,000 after buying an additional 700 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Safehold by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,653 shares of the company's stock valued at $848,000 after acquiring an additional 1,331 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.
Safehold Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Wednesday, March 27th. Safehold's dividend payout ratio (DPR) is presently -155.56%.
About Safehold (
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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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