Safehold Inc. (NYSE:SAFE) Given Consensus Recommendation of "Hold" by Brokerages

Safehold Inc. (NYSE:SAFE - Get Free Report) has earned a consensus rating of "Hold" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.8889.

SAFE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Truist Financial reduced their price objective 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. The Goldman Sachs Group cut their price target on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Mizuho cut their price target on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Finally, Royal Bank Of Canada cut their price target on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, May 19th.

Safehold Stock Performance

Shares of Safehold stock traded up $0.21 during trading hours on Tuesday, reaching $16.20. The company's stock had a trading volume of 493,944 shares, compared to its average volume of 417,994. The stock has a market cap of $1.16 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.85. The company's 50 day simple moving average is $15.23 and its 200 day simple moving average is $15.99. Safehold has a one year low of $13.43 and a one year high of $28.80. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $93.84 million for the quarter, compared to analysts' expectations of $94.05 million. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The business's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.177 per share. The ex-dividend date was Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.4%. Safehold's payout ratio is currently 49.65%.

Hedge Funds Weigh In On Safehold

A number of institutional investors have recently added to or reduced their stakes in SAFE. Thrivent Financial for Lutherans lifted its holdings in shares of Safehold by 25.0% in the second quarter. Thrivent Financial for Lutherans now owns 84,818 shares of the company's stock worth $1,320,000 after acquiring an additional 16,940 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Safehold by 7.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 156,520 shares of the company's stock valued at $2,435,000 after buying an additional 11,503 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Safehold by 98.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company's stock valued at $75,000 after buying an additional 2,393 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in Safehold by 6.0% in the 2nd quarter. State of Tennessee Department of Treasury now owns 18,567 shares of the company's stock valued at $289,000 after buying an additional 1,048 shares during the last quarter. Finally, Michelson Medical Research Foundation Inc. bought a new position in Safehold in the 2nd quarter valued at approximately $4,629,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.