Safehold Inc. (NYSE:SAFE - Get Free Report) has earned an average recommendation of "Hold" from the nine research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.33.
A number of brokerages recently issued reports on SAFE. Wedbush reissued a "neutral" rating and set a $20.00 price target on shares of Safehold in a report on Monday, March 31st. JMP Securities restated a "market outperform" rating and set a $32.00 price objective on shares of Safehold in a research report on Thursday, June 26th. JPMorgan Chase & Co. decreased their price objective on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Mizuho decreased their price objective on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Finally, Truist Financial decreased their price objective on shares of Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, May 19th.
Read Our Latest Research Report on Safehold
Safehold Stock Performance
NYSE:SAFE traded down $0.12 during trading hours on Monday, hitting $15.06. 297,436 shares of the company were exchanged, compared to its average volume of 404,193. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.49 and a beta of 1.79. 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 37.17 and a quick ratio of 37.17. The company's 50 day moving average price is $15.35 and its 200-day moving average price is $16.42.
Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $97.68 million for the quarter, compared to the consensus estimate of $95.55 million. Safehold had a net margin of 28.20% and a return on equity of 4.76%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, research analysts forecast that Safehold will post 1.58 earnings per share for the current year.
Safehold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.177 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.70%. Safehold's payout ratio is 48.63%.
Hedge Funds Weigh In On Safehold
Institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in Safehold by 136.4% in the 1st quarter. US Bancorp DE now owns 2,215 shares of the company's stock valued at $41,000 after buying an additional 1,278 shares during the period. Versant Capital Management Inc increased 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 valued at $44,000 after buying an additional 1,010 shares during the period. GAMMA Investing LLC increased its stake in Safehold by 117.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company's stock valued at $61,000 after buying an additional 2,117 shares during the period. 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 valued at $83,000 after buying an additional 849 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Safehold by 16.1% in 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 during the period. 70.38% of the stock is owned by institutional investors and hedge funds.
Safehold Company Profile
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Get Free ReportSafehold 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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