Brokerages Set Safehold Inc. (NYSE:SAFE) PT at $19.22

Safehold Inc. (NYSE:SAFE) has received an average rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.2222.

A number of equities analysts recently commented on SAFE shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Safehold in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Truist Financial raised their price objective on Safehold from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Finally, Citigroup restated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st.

Safehold Stock Up 0.4%

SAFE stock opened at $16.40 on Tuesday. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. The firm has a 50 day simple moving average of $14.66 and a 200-day simple moving average of $14.83. The company has a market capitalization of $1.18 billion, a P/E ratio of 10.25, a PEG ratio of 2.26 and a beta of 1.86. Safehold has a twelve month low of $12.76 and a twelve month high of $19.53.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $97.87 million for the quarter, compared to the consensus estimate of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. On average, equities research analysts predict that Safehold will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, December 30th. Safehold’s dividend payout ratio is presently 44.38%.

Hedge Funds Weigh In On Safehold

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in Safehold by 928.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Safehold during the fourth quarter valued at approximately $31,000. Russell Investments Group Ltd. boosted its position in shares of Safehold by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after buying an additional 1,789 shares during the period. Advisory Services Network LLC bought a new position in Safehold in the 3rd quarter worth approximately $57,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after buying an additional 908 shares in the last quarter. Institutional investors and hedge funds 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.