Safehold Inc. (NYSE:SAFE) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus rating of Hold on Safehold (11 analysts: 1 sell, 6 hold, 4 buy) with an average 12‑month price target of $19.25.
• Safehold reported quarterly EPS of $0.42 (in line with estimates) and revenue of $97.87M (slightly above estimates); the stock has a market cap of $1.11B and a PE ratio of 9.65.
• The company declared a quarterly dividend of $0.177 ($0.71 annualized) equating to a 4.6% yield

Shares of Safehold Inc. (NYSE:SAFE - Get Free Report) have earned an average rating of "Hold" from the eleven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.25.

SAFE has been the topic of a number of recent research reports. Zacks Research lowered shares of Safehold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 25th. Morgan Stanley lowered shares of Safehold from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $16.00 to $14.00 in a research report on Thursday, January 22nd. Truist Financial boosted their price target on shares of Safehold from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, February 18th. Weiss Ratings restated a "hold (c-)" rating on shares of Safehold in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Safehold from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th.

Safehold Stock Performance

SAFE opened at $15.44 on Wednesday. The firm has a market capitalization of $1.11 billion, a PE ratio of 9.65, a PEG ratio of 1.53 and a beta of 1.84. Safehold has a twelve month low of $12.76 and a twelve month high of $17.16. The firm's 50-day moving average price is $14.90 and its 200 day moving average price is $14.50. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. The firm had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. As a group, sell-side analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, March 31st. Safehold's payout ratio is presently 44.38%.

Hedge Funds Weigh In On Safehold

Several institutional investors and hedge funds have recently bought and sold shares of SAFE. Royal Bank of Canada boosted its holdings in Safehold by 21.1% in the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company's stock valued at $833,000 after purchasing an additional 7,743 shares during the last quarter. Amundi boosted its holdings in Safehold by 2.6% in the 1st quarter. Amundi now owns 50,855 shares of the company's stock valued at $906,000 after purchasing an additional 1,306 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Safehold by 1,106.2% in the 1st quarter. AQR Capital Management LLC now owns 195,530 shares of the company's stock valued at $3,660,000 after purchasing an additional 179,319 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Safehold by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company's stock valued at $576,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Safehold by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company's stock valued at $8,120,000 after purchasing an additional 15,280 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.

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