Safehold Inc. (NYSE:SAFE) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Safehold Inc. (NYSE:SAFE - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.25.

A number of analysts recently commented on SAFE shares. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price target on shares of Safehold in a research note on Monday, March 31st. JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. The Goldman Sachs Group cut their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho cut their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its holdings in Safehold by 308.1% during the fourth quarter. Invesco Ltd. now owns 646,222 shares of the company's stock valued at $11,942,000 after purchasing an additional 487,886 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Safehold by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock worth $19,424,000 after purchasing an additional 388,899 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Safehold by 8.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company's stock valued at $78,850,000 after purchasing an additional 336,458 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Safehold by 1,683.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company's stock valued at $4,209,000 after buying an additional 214,979 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Safehold by 410.3% in the 4th quarter. First Trust Advisors LP now owns 248,997 shares of the company's stock worth $4,601,000 after buying an additional 200,204 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Safehold Price Performance

Shares of NYSE:SAFE traded down $0.06 during trading on Wednesday, reaching $16.09. The company had a trading volume of 26,984 shares, compared to its average volume of 464,839. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.91 and a beta of 1.86. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold has a 12 month low of $13.68 and a 12 month high of $28.80. The company has a fifty day moving average of $17.10 and a two-hundred day moving average of $18.46.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the prior year, the company earned $0.36 EPS. Equities research analysts forecast that Safehold will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, March 31st. Safehold's payout ratio is 47.30%.

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.