Safehold (NYSE:SAFE) Earns Market Perform Rating from Analysts at Raymond James Financial

Raymond James Financial initiated coverage on shares of Safehold (NYSE:SAFE) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a market perform rating on the stock.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group cut their price target on Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Cantor Fitzgerald reissued a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Royal Bank Of Canada downgraded Safehold from a “market outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $18.00 to $16.00 in a report on Friday, May 1st. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Safehold has an average rating of “Hold” and an average target price of $17.17.

Safehold Trading Down 0.1%

Safehold stock opened at $15.35 on Wednesday. Safehold has a 12 month low of $12.76 and a 12 month high of $17.45. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77. The stock has a market cap of $1.09 billion, a P/E ratio of 9.48, a P/E/G ratio of 4.58 and a beta of 1.75. The company’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $15.35.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $114.65 million during the quarter, compared to analyst estimates of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. As a group, sell-side analysts forecast that Safehold will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is 43.83%.

Institutional Trading of Safehold

Several large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Safehold in the 4th quarter valued at approximately $31,000. Russell Investments Group Ltd. lifted its holdings in Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares during the last quarter. Advisory Services Network LLC bought a new stake in Safehold during the third quarter worth approximately $57,000. Federation des caisses Desjardins du Quebec boosted its position in Safehold by 25.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after purchasing an additional 908 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Safehold by 98.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after purchasing an additional 2,393 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

About Safehold

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.