Safehold (NYSE:SAFE) Issues Earnings Results, Beats Estimates By $0.02 EPS

Safehold (NYSE:SAFE) posted its quarterly earnings results on Wednesday. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02, FiscalAI reports. Safehold had a net margin of 29.67% and a return on equity of 4.78%. The company had revenue of $97.87 million during the quarter, compared to analysts’ expectations of $96.71 million.

Safehold Stock Performance

NYSE:SAFE traded down $0.42 during midday trading on Wednesday, reaching $15.04. The stock had a trading volume of 320,099 shares, compared to its average volume of 422,434. 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 market cap of $1.08 billion, a P/E ratio of 9.58, a P/E/G ratio of 2.09 and a beta of 1.86. The firm has a fifty day simple moving average of $14.17 and a two-hundred day simple moving average of $14.71. Safehold has a 12-month low of $12.76 and a 12-month high of $19.53.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.7%. Safehold’s dividend payout ratio (DPR) is currently 44.59%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SAFE shares. Mizuho upped their price objective on Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Morgan Stanley downgraded shares of Safehold from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $16.00 to $14.00 in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Safehold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Citigroup reiterated a “market outperform” rating on shares of Safehold in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG increased its position in Safehold by 339.9% during the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock worth $5,066,000 after purchasing an additional 285,920 shares during the period. AQR Capital Management LLC boosted its stake in shares of Safehold by 1,106.2% in the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock valued at $3,660,000 after buying an additional 179,319 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Safehold by 10.5% in the second quarter. Sei Investments Co. now owns 230,288 shares of the company’s stock valued at $3,583,000 after buying an additional 21,893 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Safehold by 5,437.1% during the third quarter. Russell Investments Group Ltd. now owns 185,161 shares of the company’s stock worth $2,868,000 after acquiring an additional 181,817 shares during the period. Finally, Alliancebernstein L.P. raised its position in Safehold by 5.6% in the third quarter. Alliancebernstein L.P. now owns 78,570 shares of the company’s stock worth $1,217,000 after acquiring an additional 4,172 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

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.