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

Safehold Inc. (NYSE:SAFE - Get Free Report) has been given a consensus recommendation of "Hold" by the nine ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.33.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Wedbush reaffirmed a "neutral" rating and issued a $20.00 target price on shares of Safehold in a research note on Monday, March 31st. Morgan Stanley cut their price target on Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Mizuho decreased their price objective on Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Finally, The Goldman Sachs Group dropped their target price on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th.

Safehold Price Performance

SAFE stock traded up $0.07 on Monday, reaching $15.42. The company had a trading volume of 318,732 shares, compared to its average volume of 434,180. The company's fifty day moving average is $15.38 and its 200 day moving average is $16.48. The company has a market cap of $1.11 billion, a P/E ratio of 10.56, a PEG ratio of 1.51 and a beta of 1.79. The company has a debt-to-equity ratio of 1.82, a quick ratio of 37.17 and a current ratio of 37.17. Safehold has a 1 year low of $13.68 and a 1 year high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (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 return on equity of 4.76% and a net margin of 28.20%. The business's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. On average, research analysts forecast that Safehold will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, June 30th. Safehold's dividend payout ratio (DPR) is presently 48.63%.

Institutional Investors Weigh In On Safehold

Several institutional investors have recently bought and sold shares of SAFE. US Bancorp DE raised its stake in shares of Safehold by 136.4% during the first quarter. US Bancorp DE now owns 2,215 shares of the company's stock valued at $41,000 after purchasing an additional 1,278 shares during the period. Versant Capital Management Inc grew its holdings in Safehold by 73.9% during the 1st quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock valued at $44,000 after purchasing an additional 1,010 shares in the last quarter. GAMMA Investing LLC increased its stake in Safehold by 117.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company's stock worth $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% during 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. Finally, PNC Financial Services Group Inc. lifted its holdings in Safehold by 16.1% in the 4th 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. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

About Safehold

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.