Analysts forecast that Safehold Inc (NYSE:SAFE) will announce $0.28 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Safehold’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. Safehold posted earnings per share of $0.11 in the same quarter last year, which would indicate a positive year-over-year growth rate of 154.5%. The firm is expected to announce its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Safehold will report full year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.20. For the next fiscal year, analysts anticipate that the business will report earnings of $1.44 per share, with EPS estimates ranging from $1.34 to $1.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Safehold.

Safehold (NYSE:SAFE) last announced its earnings results on Friday, July 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.12). The company had revenue of $19.68 million during the quarter, compared to the consensus estimate of $19.77 million. Safehold had a net margin of 32.29% and a return on equity of 4.57%.

Several research firms have recently weighed in on SAFE. Zacks Investment Research upgraded shares of Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Saturday, August 10th. TheStreet upgraded shares of Safehold from a “c” rating to a “b-” rating in a research report on Wednesday, August 7th. Barclays lowered shares of Safehold from an “overweight” rating to an “underweight” rating and raised their price objective for the company from $23.00 to $25.00 in a research report on Tuesday, July 30th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Safehold from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.

In other Safehold news, major shareholder Istar Inc. acquired 10,000 shares of Safehold stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $28.30 per share, for a total transaction of $283,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 279,657 shares of company stock valued at $8,484,492. Insiders own 1.47% of the company’s stock.

Several large investors have recently bought and sold shares of SAFE. BlackRock Inc. raised its position in shares of Safehold by 3.0% in the fourth quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock valued at $8,789,000 after buying an additional 13,408 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Safehold by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 72,012 shares of the company’s stock valued at $1,355,000 after purchasing an additional 1,004 shares during the period. Northern Trust Corp grew its holdings in Safehold by 1.1% in the fourth quarter. Northern Trust Corp now owns 86,502 shares of the company’s stock valued at $1,627,000 after purchasing an additional 900 shares during the period. Geode Capital Management LLC grew its holdings in Safehold by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 88,180 shares of the company’s stock valued at $1,658,000 after purchasing an additional 4,371 shares during the period. Finally, Angeles Investment Advisors LLC purchased a new stake in Safehold in the first quarter valued at approximately $414,000. Institutional investors own 19.74% of the company’s stock.

SAFE traded up $0.10 on Friday, reaching $28.60. The company had a trading volume of 6,110 shares, compared to its average volume of 209,318. The firm has a fifty day moving average of $31.66. The stock has a market cap of $909.99 million, a P/E ratio of 43.84 and a beta of 0.26. Safehold has a one year low of $16.13 and a one year high of $34.14.

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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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