Safehold Inc. (NYSE:SAFE) Receives $25.56 Average Price Target from Analysts

Shares of Safehold Inc. (NYSE:SAFE) have received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $25.56.

A number of research analysts recently weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a research note on Friday, February 7th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th.

Safehold Price Performance

Shares of NYSE SAFE opened at $18.93 on Tuesday. Safehold has a twelve month low of $15.55 and a twelve month high of $28.80. The firm has a market cap of $1.35 billion, a P/E ratio of 12.79 and a beta of 1.75. The company has a 50 day moving average of $17.28 and a 200 day moving average of $20.79. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period in the prior year, the firm posted $0.36 earnings per share. As a group, research analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.177 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 3.74%. Safehold’s payout ratio is 47.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP increased its stake in shares of Safehold by 56.7% in the fourth quarter. Two Sigma Investments LP now owns 29,687 shares of the company’s stock worth $549,000 after acquiring an additional 10,740 shares during the period. State of Wyoming grew its position in Safehold by 13.2% during the fourth quarter. State of Wyoming now owns 18,595 shares of the company’s stock valued at $344,000 after buying an additional 2,173 shares during the period. ProShare Advisors LLC grew its position in Safehold by 44.9% during the fourth quarter. ProShare Advisors LLC now owns 15,487 shares of the company’s stock valued at $286,000 after buying an additional 4,801 shares during the period. Quantinno Capital Management LP acquired a new stake in Safehold during the fourth quarter valued at $214,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Safehold by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,470 shares of the company’s stock valued at $545,000 after buying an additional 987 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

About Safehold

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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.