Safehold Inc. (NYSE:SAFE) Receives Average Rating of "Hold" from Brokerages

Key Points

• Safehold Inc. (NYSE: SAFE) has received an average rating of "Hold" from ten research firms, with three analysts giving it a buy recommendation.
• The company is currently trading at $15.67, with a market cap of approximately $1.12 billion and a 12-month price objective averaging around $19.89.
• Safehold recently announced a quarterly dividend of $0.177 per share, which represents a 4.5% yield on an annualized basis.

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have been given an average rating of "Hold" by the ten research firms that are covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.8889.

A number of research firms have weighed in on SAFE. JMP Securities dropped their target price on shares of Safehold from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Truist Financial lowered their price target on shares of Safehold from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. lowered their price target on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Cantor Fitzgerald set a $17.00 price target on shares of Safehold and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Safehold in a research report on Wednesday, October 8th.

Safehold Trading Up 0.8%

SAFE opened at $15.67 on Wednesday. Safehold has a 1-year low of $13.43 and a 1-year high of $23.90. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85. The company has a market cap of $1.12 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.85. The company has a fifty day moving average price of $15.80 and a two-hundred day moving average price of $15.40.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The firm had revenue of $50.20 million during the quarter. Analysts predict that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Safehold's dividend payout ratio is 48.95%.

Institutional Trading of Safehold

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in Safehold by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company's stock worth $8,120,000 after acquiring an additional 15,280 shares during the period. Strs Ohio bought a new stake in Safehold during the 1st quarter worth approximately $555,000. New York State Teachers Retirement System increased its holdings in Safehold by 12.1% during the 1st quarter. New York State Teachers Retirement System now owns 51,068 shares of the company's stock worth $956,000 after acquiring an additional 5,509 shares during the period. Peregrine Capital Management LLC increased its holdings in shares of Safehold by 9.0% in the 1st quarter. Peregrine Capital Management LLC now owns 336,554 shares of the company's stock worth $6,300,000 after buying an additional 27,719 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Safehold by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 7,817,950 shares of the company's stock worth $146,352,000 after buying an additional 93,236 shares during the last quarter. 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.

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