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

Safehold (NYSE:SAFE)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a research report issued on Monday, MarketBeat.com reports. They currently have a $20.00 target price on the stock. Wedbush’s price objective would suggest a potential upside of 9.94% from the stock’s current price.

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

Safehold Stock Down 2.8 %

SAFE stock opened at $18.19 on Monday. The firm has a 50-day moving average price of $17.68 and a 200-day moving average price of $20.20. Safehold has a 12 month low of $15.55 and a 12 month high of $28.80. 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 stock has a market capitalization of $1.30 billion, a P/E ratio of 12.29 and a beta of 1.75.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate 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 business posted $0.36 earnings per share. As a group, equities research analysts anticipate that Safehold will post 1.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company’s stock valued at $11,942,000 after purchasing an additional 487,886 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Safehold by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company’s stock valued at $19,424,000 after buying an additional 388,899 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Safehold by 8.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company’s stock valued at $78,850,000 after acquiring an additional 336,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Safehold by 266.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock worth $9,171,000 after acquiring an additional 254,227 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Safehold by 1,683.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock worth $4,209,000 after acquiring an additional 214,979 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Company Profile

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.