Safehold (NYSE:SAFE) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Safehold's stock received a "Hold (C-)" rating from Weiss Ratings, indicating a cautious outlook on its investment potential.
• Mizuho raised its price target for Safehold shares from $16.00 to $17.00, while JMP Securities lowered their target from $32.00 to $28.00.
• Safehold reported $0.39 EPS for its latest quarter, meeting analysts' expectations and showing a 4.3% year-over-year revenue increase.

Safehold (NYSE:SAFE - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on SAFE. Mizuho boosted their price objective on shares of Safehold from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. JMP Securities lowered their price objective on shares of Safehold from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Truist Financial lowered their price objective on shares of Safehold from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Thursday, September 11th. Cantor Fitzgerald set a $17.00 price objective on shares of Safehold and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $19.89.

Safehold Stock Up 2.9%

SAFE stock opened at $15.45 on Wednesday. Safehold has a 52-week low of $13.43 and a 52-week high of $25.36. The company's 50 day simple moving average is $15.58 and its 200-day simple moving average is $15.59. The company has a debt-to-equity ratio of 1.85, a current ratio of 36.02 and a quick ratio of 36.02. The firm has a market capitalization of $1.11 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.35 and a beta of 1.85.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The firm had revenue of $93.84 million for the quarter, compared to the consensus estimate of $94.05 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Safehold will post 1.58 EPS for the current year.

Institutional Trading of Safehold

Several large investors have recently modified their holdings of SAFE. Hantz Financial Services Inc. boosted its holdings in shares of Safehold by 928.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company's stock worth $29,000 after buying an additional 1,680 shares during the period. US Bancorp DE boosted its holdings in shares of Safehold by 136.4% during the 1st quarter. US Bancorp DE now owns 2,215 shares of the company's stock worth $41,000 after buying an additional 1,278 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Safehold by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company's stock worth $52,000 after buying an additional 1,789 shares during the period. GAMMA Investing LLC raised its stake in Safehold by 117.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company's stock valued at $61,000 after purchasing an additional 2,117 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Safehold during the 2nd quarter valued at $74,000. 70.38% of the stock is owned by institutional investors.

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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