Recent Analysts’ Ratings Updates for Safehold (SAFE)

Safehold (NYSE: SAFE) has recently received a number of price target changes and ratings updates:

• 5/16/2024 – Safehold had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $35.00 price target on the stock.
• 5/10/2024 – Safehold was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $20.00 price target on the stock, down previously from $22.00.
• 5/8/2024 – Safehold had its price target lowered by analysts at Royal Bank of Canada from $32.00 to $29.00. They now have an “outperform” rating on the stock.
• 5/7/2024 – Safehold had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $35.00 price target on the stock.
• 4/17/2024 – Safehold had its price target lowered by analysts at JPMorgan Chase & Co. from $23.00 to $21.00. They now have a “neutral” rating on the stock.

Safehold Stock Down 4.1 %

SAFE opened at $19.30 on Friday. Safehold Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $26.82. The business has a 50-day moving average of $19.61 and a 200-day moving average of $20.38. The company has a debt-to-equity ratio of 1.78, a current ratio of 42.51 and a quick ratio of 42.51. The company has a market capitalization of $1.38 billion, a PE ratio of -42.89 and a beta of 1.48.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Safehold had a positive return on equity of 4.43% and a negative net margin of 7.87%. The company had revenue of $93.20 million during the quarter, compared to the consensus estimate of $88.20 million. During the same period last year, the business earned $0.41 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. Equities research analysts forecast that Safehold Inc. will post 1.54 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Wednesday, March 27th. Safehold’s payout ratio is -155.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAFE. Fifth Third Bancorp increased its position in Safehold by 1,240.4% in the 3rd quarter. Fifth Third Bancorp now owns 1,394 shares of the company’s stock worth $25,000 after buying an additional 1,290 shares during the period. Versant Capital Management Inc increased its position in Safehold by 197.7% in the 4th quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock worth $33,000 after buying an additional 931 shares during the period. GAMMA Investing LLC bought a new position in Safehold in the 4th quarter worth approximately $33,000. Roble Belko & Company Inc bought a new position in Safehold in the 1st quarter worth approximately $45,000. Finally, PNC Financial Services Group Inc. increased its position in Safehold by 195.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $81,000 after buying an additional 2,994 shares during the period. 70.38% of the stock is owned by institutional investors.

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.