Analysts Set Safehold Inc. (NYSE:SAFE) Price Target at $25.00

Shares of Safehold Inc. (NYSE:SAFE) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.00.

A number of equities research analysts have commented on SAFE shares. The Goldman Sachs Group decreased their price target on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Safehold in a report on Monday, March 31st. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. Finally, Mizuho lowered their price objective on shares of Safehold from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd.

Safehold Price Performance

Shares of SAFE stock opened at $15.94 on Friday. Safehold has a fifty-two week low of $14.24 and a fifty-two week high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The business’s 50 day moving average price is $17.73 and its 200-day moving average price is $19.70. The firm has a market cap of $1.14 billion, a P/E ratio of 10.77 and a beta of 1.63.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share 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 previous year, the firm earned $0.36 EPS. On average, equities research analysts anticipate that Safehold will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.177 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.44%. Safehold’s payout ratio is 47.30%.

Institutional Trading of Safehold

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of Safehold by 0.4% in the fourth quarter. Rhumbline Advisers now owns 163,179 shares of the company’s stock valued at $3,016,000 after purchasing an additional 663 shares during the period. Tower Research Capital LLC TRC increased 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 purchasing an additional 849 shares during the period. M&T Bank Corp increased its stake in Safehold by 3.4% in the 4th quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock valued at $509,000 after buying an additional 899 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Safehold by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 14,260 shares of the company’s stock valued at $264,000 after buying an additional 924 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $545,000 after buying an additional 987 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

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.