Safehold (NYSE:SAFE) had its price objective upped by Barclays from $25.00 to $26.00 in a report issued on Sunday morning, AnalystRatings.com reports. They currently have an underweight rating on the stock.

Several other brokerages also recently weighed in on SAFE. Zacks Investment Research raised shares of Safehold from a hold rating to a strong-buy rating and set a $33.00 target price for the company in a research note on Saturday, August 10th. ValuEngine downgraded shares of Safehold from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, TheStreet raised shares of Safehold from a c rating to a b- rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $25.83.

NYSE:SAFE opened at $28.93 on Friday. The company has a market capitalization of $993.71 million, a PE ratio of 45.20 and a beta of 0.26. Safehold has a 52-week low of $16.13 and a 52-week high of $34.14. The stock has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $25.79.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Friday, July 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.12). The firm had revenue of $19.68 million for the quarter, compared to analyst estimates of $19.77 million. Safehold had a return on equity of 4.57% and a net margin of 32.29%. On average, equities analysts forecast that Safehold will post 1.14 EPS for the current year.

In other Safehold news, major shareholder Istar Inc. purchased 15,000 shares of the stock in a transaction on Friday, May 31st. The stock was bought at an average price of $27.95 per share, for a total transaction of $419,250.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired a total of 322,632 shares of company stock valued at $9,728,230 in the last 90 days. 1.47% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. BNP Paribas Arbitrage SA purchased a new stake in Safehold in the 2nd quarter valued at about $36,000. Nisa Investment Advisors LLC grew its holdings in Safehold by 83.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock valued at $47,000 after buying an additional 711 shares during the period. Optimum Investment Advisors purchased a new stake in Safehold in the 2nd quarter valued at about $103,000. Bessemer Group Inc. purchased a new stake in Safehold in the 2nd quarter valued at about $184,000. Finally, Acadian Asset Management LLC grew its holdings in Safehold by 49.4% in the 2nd quarter. Acadian Asset Management LLC now owns 7,446 shares of the company’s stock valued at $225,000 after buying an additional 2,462 shares during the period. Institutional investors own 17.54% of the company’s stock.

Safehold Company Profile

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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