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

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat reports. Four 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 target among analysts that have updated their coverage on the stock in the last year is $23.13.

A number of equities research analysts have issued reports on SAFE shares. Morgan Stanley decreased their price target on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Wedbush restated a "neutral" rating and set a $20.00 target price on shares of Safehold in a research note on Monday, March 31st. The Goldman Sachs Group reduced their price objective on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Royal Bank Of Canada reduced their price objective on Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Finally, Truist Financial reduced their price objective on Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, May 19th.

Safehold Stock Performance

Safehold stock traded up $0.01 during trading hours on Thursday, reaching $15.37. 633,388 shares of the company were exchanged, compared to its average volume of 401,390. The company has a current ratio of 37.17, a quick ratio of 37.17 and a debt-to-equity ratio of 1.82. The stock has a 50-day moving average of $15.31 and a 200 day moving average of $16.99. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.50 and a beta of 1.80. Safehold has a 12 month low of $13.68 and a 12 month high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data 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. Safehold had a net margin of 28.20% and a return on equity of 4.76%. The business had revenue of $97.68 million during the quarter, compared to the consensus estimate of $95.55 million. During the same period in the prior year, the firm earned $0.43 EPS. Safehold's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Safehold will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.61%. Safehold's dividend payout ratio is currently 47.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new position in shares of Safehold during the 1st quarter worth about $555,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Safehold by 2.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 346,067 shares of the company's stock worth $6,478,000 after acquiring an additional 8,348 shares during the period. Goldman Sachs Group Inc. lifted its stake in Safehold by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company's stock worth $8,120,000 after purchasing an additional 15,280 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Safehold by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company's stock worth $576,000 after purchasing an additional 1,308 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Safehold by 1,106.2% during the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company's stock worth $3,660,000 after purchasing an additional 179,319 shares during the period. 70.38% of the stock is owned by institutional investors.

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.