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

Safehold Inc. (NYSE:SAFE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.50.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group decreased their target price on Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th. Mizuho reduced their price objective on Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Wedbush restated a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a report on Monday, March 31st.

Safehold Price Performance

Shares of Safehold stock traded up $0.21 on Friday, hitting $15.23. The company's stock had a trading volume of 215,762 shares, compared to its average volume of 403,734. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.29 and a beta of 1.86. Safehold has a 1 year low of $13.68 and a 1 year high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The firm has a fifty day moving average price of $15.80 and a 200-day moving average price of $17.60.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. Safehold had a net margin of 28.92% and a return on equity of 4.76%. The company had revenue of $97.68 million during the quarter, compared to analysts' expectations of $95.55 million. During the same period in the prior year, the business posted $0.43 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.65%. The ex-dividend date was Monday, March 31st. Safehold's payout ratio is currently 47.95%.

Institutional Trading of Safehold

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock valued at $26,000 after purchasing an additional 1,020 shares during the period. US Bancorp DE increased its stake in Safehold by 136.4% during the first quarter. US Bancorp DE now owns 2,215 shares of the company's stock worth $41,000 after acquiring an additional 1,278 shares during the last quarter. Versant Capital Management Inc increased its stake in Safehold by 73.9% during the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock worth $44,000 after acquiring an additional 1,010 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after purchasing an additional 849 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 1,173 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

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.