Safehold Inc. (NYSE:SAFE) Receives Consensus Rating of "Moderate Buy" from Analysts

Safehold Inc. (NYSE:SAFE - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat reports. Four equities 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 $23.13.

A number of research firms recently weighed in on SAFE. Wedbush restated a "neutral" rating and set a $20.00 price target on shares of Safehold in a research report on Monday, March 31st. Morgan Stanley lowered their target price on Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Mizuho dropped their price target on Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday. Royal Bank Of Canada reduced their price objective on Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Finally, Truist Financial lowered their price objective on Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, May 19th.

Institutional Investors Weigh In On Safehold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAFE. Vanguard Group Inc. grew its holdings in shares of Safehold by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 7,817,950 shares of the company's stock worth $146,352,000 after purchasing an additional 93,236 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Safehold by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,305,041 shares of the company's stock worth $80,591,000 after buying an additional 38,272 shares during the period. American Century Companies Inc. boosted its stake in Safehold by 11.1% during the fourth quarter. American Century Companies Inc. now owns 1,515,743 shares of the company's stock worth $28,011,000 after buying an additional 150,976 shares during the period. JPMorgan Chase & Co. increased its position in shares of Safehold by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock valued at $19,424,000 after acquiring an additional 388,899 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Safehold by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company's stock valued at $13,251,000 after acquiring an additional 29,348 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Safehold Stock Up 0.1%

Shares of SAFE opened at $15.39 on Thursday. The stock has a 50 day moving average price of $15.27 and a 200 day moving average price of $17.09. Safehold has a one year low of $13.68 and a one year high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 37.17 and a current ratio of 37.17. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.51 and a beta of 1.80.

Safehold (NYSE:SAFE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $97.68 million for the quarter, compared to analysts' expectations of $95.55 million. Safehold had a net margin of 28.20% and a return on equity of 4.76%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Equities research analysts forecast that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.177 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.60%. Safehold's payout ratio is 48.63%.

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.

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