Safehold (NYSE:SAFE) Releases Quarterly Earnings Results, Hits Expectations

Safehold (NYSE:SAFE) posted its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42, FiscalAI reports. The company had revenue of $97.87 million during the quarter, compared to analyst estimates of $96.71 million. Safehold had a net margin of 29.67% and a return on equity of 4.78%.

Safehold Price Performance

Shares of SAFE stock opened at $15.04 on Thursday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.14 and a beta of 1.86. Safehold has a 12 month low of $12.76 and a 12 month high of $19.53. The company has a quick ratio of 36.91, a current ratio of 36.91 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average price of $14.20 and a 200 day moving average price of $14.71.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a $0.177 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.71 annualized dividend and a yield of 4.7%. Safehold’s dividend payout ratio (DPR) is currently 45.22%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SAFE shares. Zacks Research upgraded Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Citigroup reissued a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. Mizuho increased their target price on Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Morgan Stanley cut Safehold from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their price target on shares of Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Safehold currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Institutional Investors Weigh In On Safehold

Institutional investors have recently modified their holdings of the business. Michelson Medical Research Foundation Inc. bought a new position in Safehold in the second quarter valued at approximately $4,629,000. Deutsche Bank AG raised its position in shares of Safehold by 339.9% during the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after acquiring an additional 285,920 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Safehold by 883.8% in the 3rd quarter. Millennium Management LLC now owns 237,373 shares of the company’s stock valued at $3,677,000 after purchasing an additional 213,244 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Safehold by 5,437.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 185,161 shares of the company’s stock worth $2,868,000 after purchasing an additional 181,817 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Safehold by 1,106.2% during the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock worth $3,660,000 after purchasing an additional 179,319 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.