Shares of Safehold Inc. (NYSE:SAFE – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $55.50.
SAFE has been the topic of several research reports. Truist Financial dropped their price target on Safehold from $46.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, December 2nd. BNP Paribas initiated coverage on Safehold in a report on Thursday. They issued an “outperform” rating on the stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SAFE. Long Pond Capital LP bought a new stake in shares of Safehold during the second quarter valued at approximately $34,106,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Safehold by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,241,562 shares of the company’s stock valued at $64,154,000 after purchasing an additional 443,049 shares during the last quarter. Norges Bank bought a new stake in shares of Safehold during the fourth quarter valued at approximately $10,320,000. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Safehold during the third quarter valued at approximately $9,017,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Safehold by 11.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,797,511 shares of the company’s stock valued at $63,578,000 after acquiring an additional 179,541 shares during the last quarter. Institutional investors and hedge funds own 25.61% of the company’s stock.
Safehold Stock Down 0.2 %
Safehold (NYSE:SAFE – Get Rating) last released its earnings results on Tuesday, February 14th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $73.37 million during the quarter, compared to the consensus estimate of $73.08 million. Safehold had a return on equity of 4.72% and a net margin of 50.10%. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. Analysts expect that Safehold will post 1.55 EPS for the current fiscal year.
Safehold, Inc engages in acquiring, owning, managing, and capitalizing ground leases. It also offers capital solutions. The company was founded on April 14, 2017 and is headquartered in New York, NY.
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