Safehold Inc. (NYSE:SAFE – Get Rating) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $78.60.
Several equities research analysts have weighed in on the stock. TheStreet downgraded shares of Safehold from a “b-” rating to a “c+” rating in a research note on Monday, April 18th. JPMorgan Chase & Co. decreased their price target on shares of Safehold from $66.00 to $52.00 in a research note on Wednesday, May 18th. Morgan Stanley decreased their price target on shares of Safehold from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. Zacks Investment Research downgraded shares of Safehold from a “hold” rating to a “sell” rating in a research note on Friday, April 22nd. Finally, Truist Financial decreased their target price on shares of Safehold from $68.00 to $46.00 and set a “na” rating for the company in a research report on Monday, May 16th.
SAFE stock opened at $41.20 on Thursday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 28.03 and a beta of 0.06. Safehold has a 12-month low of $40.21 and a 12-month high of $95.29. The company’s fifty day simple moving average is $46.19 and its 200 day simple moving average is $58.95.
The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.65%. Safehold’s dividend payout ratio is presently 46.26%.
Hedge funds have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Safehold during the first quarter worth $200,000. Alyeska Investment Group L.P. bought a new stake in Safehold during the first quarter worth $7,233,000. Point72 Hong Kong Ltd lifted its holdings in Safehold by 17.5% during the first quarter. Point72 Hong Kong Ltd now owns 2,953 shares of the company’s stock worth $164,000 after acquiring an additional 440 shares during the period. Quantbot Technologies LP lifted its holdings in Safehold by 725.0% during the first quarter. Quantbot Technologies LP now owns 3,300 shares of the company’s stock worth $182,000 after acquiring an additional 2,900 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Safehold during the first quarter worth $273,000. Institutional investors own 25.61% of the company’s stock.
About Safehold (Get Rating)
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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.
- Get a free copy of the StockNews.com research report on Safehold (SAFE)
- MarketBeat Podcast: Get Your Mindset Right To Invest In The Current Market
- Stratasys Stock Forming a Tradeable Bottom
- It’s Time To Get Interested In Ethereum Again
- How to Invest in Water Stocks: A Tutorial for Investors
- Expedia Group: Recovering with the Travel Industry
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Safehold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safehold and related companies with MarketBeat.com's FREE daily email newsletter.