Safehold Inc. (NYSE:SAFE) – Stock analysts at Truist Securiti issued their Q1 2022 earnings per share (EPS) estimates for Safehold in a note issued to investors on Monday, April 5th. Truist Securiti analyst K. Kim forecasts that the company will post earnings of $0.40 per share for the quarter. Truist Securiti also issued estimates for Safehold’s Q2 2022 earnings at $0.37 EPS, Q3 2022 earnings at $0.41 EPS and Q4 2022 earnings at $0.42 EPS.
Safehold (NYSE:SAFE) last released its quarterly earnings data on Thursday, February 11th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). Safehold had a net margin of 38.08% and a return on equity of 4.60%. The firm had revenue of $39.91 million during the quarter, compared to analyst estimates of $39.46 million.
Several other research analysts also recently issued reports on the company. Mizuho upped their price objective on Safehold from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Zacks Investment Research raised Safehold from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on Safehold from $112.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, March 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Safehold currently has a consensus rating of “Buy” and a consensus target price of $77.00.
Safehold stock opened at $69.81 on Tuesday. The business has a 50 day moving average of $74.61 and a 200-day moving average of $70.95. Safehold has a 1 year low of $45.02 and a 1 year high of $84.99. The company has a market capitalization of $3.72 billion, a P/E ratio of 61.78 and a beta of -0.46.
Several institutional investors have recently bought and sold shares of SAFE. FMR LLC boosted its holdings in shares of Safehold by 7.7% during the 1st quarter. FMR LLC now owns 484,299 shares of the company’s stock worth $10,563,000 after buying an additional 34,628 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Safehold during the third quarter worth approximately $233,000. Swiss National Bank raised its position in shares of Safehold by 8.6% during the third quarter. Swiss National Bank now owns 28,900 shares of the company’s stock worth $1,795,000 after purchasing an additional 2,300 shares during the period. State Street Corp raised its position in shares of Safehold by 26.7% during the third quarter. State Street Corp now owns 610,371 shares of the company’s stock worth $38,000,000 after purchasing an additional 128,523 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Safehold by 3.0% during the third quarter. Thrivent Financial for Lutherans now owns 11,443 shares of the company’s stock worth $711,000 after purchasing an additional 337 shares during the period. Hedge funds and other institutional investors own 26.40% of the company’s stock.
In other Safehold news, Director Dean S. Adler sold 36,200 shares of the stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $74.80, for a total transaction of $2,707,760.00. Also, Director Dean S. Adler sold 39,241 shares of the stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $76.51, for a total value of $3,002,328.91. Insiders sold 84,233 shares of company stock worth $6,383,029 over the last quarter. 0.53% of the stock is currently owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be issued a $0.1623 dividend. This represents a $0.65 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 30th. Safehold’s payout ratio is presently 73.03%.
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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.
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