Safehold Inc. (NYSE:SAFE - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.66 and last traded at $13.69, with a volume of 233975 shares. The stock had previously closed at $14.07.
Wall Street Analyst Weigh In
SAFE has been the topic of a number of recent analyst reports. Mizuho decreased their target price 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. Royal Bank Of Canada decreased their target price on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. The Goldman Sachs Group decreased their target price on 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 decreased their target price on 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 target price on Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $22.33.
Get Our Latest Stock Report on SAFE
Safehold Stock Performance
The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.38 and a beta of 1.83. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85. The stock has a fifty day moving average price of $15.13 and a 200-day moving average price of $16.11.
Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $93.84 million for the quarter, compared to the consensus estimate of $94.05 million. Safehold had a return on equity of 4.70% and a net margin of 27.45%. Safehold's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. On average, analysts expect that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.
Safehold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, June 30th. Safehold's dividend payout ratio is currently 49.65%.
Hedge Funds Weigh In On Safehold
Institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Safehold by 928.2% in the second quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company's stock valued at $29,000 after purchasing an additional 1,680 shares during the last quarter. US Bancorp DE lifted its holdings in 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 last quarter. Versant Capital Management Inc lifted its holdings in Safehold by 73.9% during the 1st quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock worth $44,000 after buying an additional 1,010 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Safehold by 117.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company's stock worth $61,000 after buying an additional 2,117 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Safehold during the 2nd quarter worth approximately $74,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.
Safehold Company Profile
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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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