Safehold (NYSE:SAFE) Earns “Neutral” Rating from Wedbush

Wedbush restated their neutral rating on shares of Safehold (NYSE:SAFE) in a research report released on Monday morning, MarketBeat.com reports. The firm currently has a $20.00 price target on the stock.

Other analysts have also issued research reports about the company. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their target price on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley downgraded Safehold from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Safehold has a consensus rating of “Hold” and a consensus price target of $25.67.

Safehold Price Performance

Shares of SAFE opened at $18.36 on Monday. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The company’s fifty day simple moving average is $17.72 and its 200 day simple moving average is $20.18. Safehold has a 1-year low of $15.55 and a 1-year high of $28.80. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 12.41 and a beta of 1.62.

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

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.177 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 3.86%. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

Institutional Investors Weigh In On Safehold

A number of institutional investors have recently modified their holdings of SAFE. Smartleaf Asset Management LLC raised its stake in Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 1,020 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Safehold in the third quarter valued at approximately $110,000. Tower Research Capital LLC TRC raised its position in shares of 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 buying an additional 849 shares in the last quarter. FMR LLC boosted its stake in shares of Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after buying an additional 1,163 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock worth $156,000 after buying an additional 1,173 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

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.