Safehold (NYSE:SAFE - Get Free Report) had its target price reduced by investment analysts at JMP Securities from $32.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price target would indicate a potential upside of 83.61% from the stock's current price.
Other research analysts have also issued research reports about the stock. Mizuho lowered their price objective on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Morgan Stanley lowered their price objective 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 lowered their price objective on shares of Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Truist Financial lowered their price objective on shares of Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. decreased their price target 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.89.
Check Out Our Latest Report on Safehold
Safehold Stock Down 1.6%
Shares of SAFE stock traded down $0.25 during trading hours on Tuesday, hitting $15.25. 445,282 shares of the company were exchanged, compared to its average volume of 499,329. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. Safehold has a one year low of $13.43 and a one year high of $28.80. The business's 50-day simple moving average is $15.11 and its two-hundred day simple moving average is $16.07. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.53 and a beta of 1.83.
Safehold (NYSE:SAFE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting 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 analysts' expectations of $94.05 million. During the same quarter last year, the company posted $0.41 earnings per share. Safehold's revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that Safehold will post 1.58 EPS for the current fiscal year.
Institutional Trading of Safehold
A number of institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System lifted its position in Safehold by 12.1% during the 1st quarter. New York State Teachers Retirement System now owns 51,068 shares of the company's stock worth $956,000 after acquiring an additional 5,509 shares during the last quarter. Peregrine Capital Management LLC raised its position in shares of Safehold by 9.0% during the first quarter. Peregrine Capital Management LLC now owns 336,554 shares of the company's stock valued at $6,300,000 after buying an additional 27,719 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Safehold by 2,476.8% during the first quarter. GAMMA Investing LLC now owns 33,808 shares of the company's stock valued at $633,000 after buying an additional 32,496 shares during the last quarter. M&T Bank Corp raised its position in shares of Safehold by 4.4% during the first quarter. M&T Bank Corp now owns 28,742 shares of the company's stock valued at $538,000 after buying an additional 1,222 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Safehold during the fourth quarter valued at about $1,781,000. Institutional investors and hedge funds own 70.38% of the company's stock.
Safehold Company Profile
(
Get Free Report)
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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