Analysts Set Expectations for Safehold Inc.’s Q4 2022 Earnings (NYSE:SAFE)

Safehold Inc. (NYSE:SAFEGet Rating) – Equities researchers at B. Riley cut their Q4 2022 EPS estimates for Safehold in a research report issued on Tuesday, November 22nd. B. Riley analyst M. Howlett now anticipates that the company will post earnings per share of $0.42 for the quarter, down from their previous forecast of $0.46. The consensus estimate for Safehold’s current full-year earnings is $1.73 per share. B. Riley also issued estimates for Safehold’s Q1 2023 earnings at $0.42 EPS, Q2 2023 earnings at $0.45 EPS, Q3 2023 earnings at $0.46 EPS, Q4 2023 earnings at $0.48 EPS and FY2023 earnings at $1.81 EPS.

Several other analysts also recently issued reports on SAFE. Mizuho raised shares of Safehold from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $75.00 to $50.00 in a research note on Friday, August 12th. Sumitomo Mitsui Financial Group downgraded shares of Safehold from an “outperform” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Friday, September 23rd. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Safehold has an average rating of “Moderate Buy” and a consensus price target of $57.67.

Safehold Price Performance

Shares of NYSE SAFE opened at $30.66 on Thursday. The company has a market cap of $1.91 billion, a P/E ratio of 13.69 and a beta of 0.56. Safehold has a 1 year low of $23.65 and a 1 year high of $80.66. The firm has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $36.33.

Safehold (NYSE:SAFEGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $71.70 million during the quarter, compared to the consensus estimate of $69.57 million. Safehold had a net margin of 54.19% and a return on equity of 4.80%.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Thursday, September 29th. Safehold’s dividend payout ratio is 31.70%.

Institutional Investors Weigh In On Safehold

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Safehold by 4.9% in the 3rd quarter. BlackRock Inc. now owns 3,190,348 shares of the company’s stock worth $84,416,000 after buying an additional 149,564 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Safehold by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,971,042 shares of the company’s stock worth $78,614,000 after buying an additional 161,767 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Safehold by 11.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,797,511 shares of the company’s stock worth $63,578,000 after buying an additional 179,541 shares during the period. Long Pond Capital LP lifted its holdings in shares of Safehold by 79.0% in the 3rd quarter. Long Pond Capital LP now owns 1,726,191 shares of the company’s stock worth $45,675,000 after buying an additional 761,930 shares during the period. Finally, NewEdge Wealth LLC raised its position in shares of Safehold by 11.2% in the 1st quarter. NewEdge Wealth LLC now owns 1,589,277 shares of the company’s stock worth $88,125,000 after acquiring an additional 159,555 shares in the last quarter. 25.61% of the stock is currently owned by hedge funds and other institutional investors.

About Safehold

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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.

Further Reading

Earnings History and Estimates for Safehold (NYSE:SAFE)

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