Safehold’s (SAFE) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Safehold (NYSE:SAFE) in a research note published on Monday morning, RTT News reports. Wedbush currently has a $23.00 target price on the stock, down from their prior target price of $25.00. Wedbush also issued estimates for Safehold’s Q2 2025 earnings at $0.39 EPS.

Several other research firms have also issued reports on SAFE. Truist Financial boosted their target price on Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research report on Tuesday, October 29th. Mizuho boosted their target price on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group decreased their price objective on Safehold from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.22.

Safehold Price Performance

Shares of SAFE stock opened at $20.58 on Monday. The stock has a 50-day moving average price of $24.70 and a 200 day moving average price of $22.03. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 12.10 and a beta of 1.68. Safehold has a 12 month low of $16.27 and a 12 month high of $28.80.

Safehold (NYSE:SAFE) last posted its earnings results on Monday, October 28th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $90.70 million during the quarter, compared to analyst estimates of $89.45 million. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Research analysts expect that Safehold will post 1.57 EPS for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, September 30th. Safehold’s payout ratio is 41.18%.

Institutional Investors Weigh In On Safehold

Several institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock valued at $47,000 after acquiring an additional 471 shares in the last quarter. ProShare Advisors LLC lifted its stake in Safehold by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 9,728 shares of the company’s stock valued at $200,000 after acquiring an additional 676 shares in the last quarter. GAMMA Investing LLC lifted its stake in Safehold by 108.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after acquiring an additional 920 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Safehold by 7.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,463 shares of the company’s stock valued at $298,000 after acquiring an additional 949 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in Safehold by 4.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 25,658 shares of the company’s stock valued at $529,000 after acquiring an additional 1,156 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.