Safehold (NYSE:SAFE) Trading Up 4.3% – What’s Next?

Safehold Inc. (NYSE:SAFE)’s share price was up 4.3% on Tuesday . The company traded as high as $18.83 and last traded at $18.88. Approximately 84,868 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 354,107 shares. The stock had previously closed at $18.11.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SAFE shares. Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reiterated a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a report on Friday, February 7th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Safehold presently has an average rating of “Hold” and an average price target of $25.56.

Safehold Stock Up 2.4 %

The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.57 and a beta of 1.66. The firm’s 50-day moving average price is $17.26 and its 200 day moving average price is $21.13.

Safehold (NYSE:SAFE) last announced its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter in the previous year, the firm posted $0.36 EPS. Sell-side analysts expect that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.82%. The ex-dividend date was Monday, December 30th. Safehold’s payout ratio is 47.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after buying an additional 1,020 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Safehold by 35.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after acquiring an additional 471 shares during the last quarter. KBC Group NV grew its stake in Safehold by 79.3% in the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after acquiring an additional 1,275 shares during the period. Tower Research Capital LLC TRC raised its holdings in Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock valued at $83,000 after acquiring an additional 849 shares during the last quarter. Finally, Vestcor Inc purchased a new position in shares of Safehold during the 3rd quarter worth $110,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

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.