Safehold (NYSE:SAFE) Given New $19.00 Price Target at Mizuho

Safehold (NYSE:SAFE) had its target price decreased by Mizuho from $25.00 to $19.00 in a research note issued to investors on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group decreased their target price on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Wedbush reissued a “neutral” rating and set a $20.00 price objective on shares of Safehold in a report on Monday, March 31st. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Finally, Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.00.

Safehold Stock Down 0.5 %

SAFE opened at $17.71 on Thursday. The business has a 50 day moving average of $17.79 and a 200-day moving average of $20.06. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.97 and a beta of 1.62. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold has a 1-year low of $15.55 and a 1-year high of $28.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting 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, sell-side analysts anticipate that Safehold will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Monday, March 31st. Safehold’s dividend payout ratio (DPR) is 47.30%.

Institutional Investors Weigh In On Safehold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after buying an additional 1,020 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Safehold by 73.9% during the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company’s stock worth $44,000 after acquiring an additional 1,010 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock valued at $83,000 after buying an additional 849 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Safehold in the 3rd quarter valued at about $110,000. Finally, FMR LLC raised its holdings in shares of Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after purchasing an additional 1,163 shares during the last quarter. Institutional investors and hedge funds 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.