Key Points
- Safehold Director Robin Josephs sold 9,500 shares at an average price of $14.56, generating $138,320. Following the transaction, Josephs retained 89,068 shares, a 9.64% reduction in ownership.
- Safehold reported quarterly EPS of $0.42, in line with estimates, while revenue of $114.65 million exceeded expectations. Analysts’ average rating remains “Hold,” with an average price target of $17.17.
- The company pays a quarterly dividend of $0.177 per share, equivalent to an annualized dividend of approximately $0.71 and a 5.1% yield; institutional investors own 70.38% of the stock.
Safehold Inc. (NYSE:SAFE - Get Free Report) Director Robin Josephs sold 9,500 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total value of $138,320.00. Following the sale, the director owned 89,068 shares of the company's stock, valued at $1,296,830.08. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Safehold Stock Performance
Safehold stock opened at $14.01 on Friday. The company has a market cap of $991.98 million, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 4.28 and a beta of 1.73. Safehold Inc. has a 12 month low of $12.76 and a 12 month high of $17.45. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The stock's 50-day moving average is $15.76 and its 200-day moving average is $15.34.
Safehold (NYSE:SAFE - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42. The business had revenue of $114.65 million during the quarter, compared to analysts' expectations of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. Equities analysts anticipate that Safehold Inc. will post 1.64 earnings per share for the current year.
Safehold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold's payout ratio is 43.83%.
Analysts Set New Price Targets
Several research firms have recently issued reports on SAFE. Weiss Ratings raised shares of Safehold from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Safehold from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Safehold in a report on Tuesday, August 4th. The Goldman Sachs Group lowered their price target on Safehold from $27.00 to $23.00 and set a "buy" rating for the company in a report on Friday, May 15th. Finally, Zacks Research raised Safehold from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.17.
Read Our Latest Stock Analysis on SAFE
Institutional Trading of Safehold
A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in Safehold during the 2nd quarter valued at $1,077,000. Squarepoint Ops LLC acquired a new position in Safehold during the 2nd quarter worth $658,000. Corient Private Wealth LP increased its position in shares of Safehold by 37.6% in the 2nd quarter. Corient Private Wealth LP now owns 15,273 shares of the company's stock worth $241,000 after purchasing an additional 4,171 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Safehold in the 2nd quarter worth about $189,000. Finally, California State Teachers Retirement System increased its position in shares of Safehold by 1,761.8% in the 2nd quarter. California State Teachers Retirement System now owns 808,032 shares of the company's stock worth $12,686,000 after purchasing an additional 764,632 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.
Safehold Company Profile
(
Get Free Report)
Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.
Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.
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