Safehold (NYSE:SAFE) had its target price hoisted by investment analysts at Barclays from $25.00 to $26.00 in a research report issued to clients and investors on Sunday, MarketBeat reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 10.19% from the company’s previous close.
SAFE has been the subject of several other reports. Zacks Investment Research raised Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research report on Saturday, August 10th. ValuEngine lowered Safehold from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, TheStreet raised Safehold from a “c” rating to a “b-” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.83.
Shares of SAFE stock opened at $28.95 on Friday. The stock has a market capitalization of $993.71 million, a price-to-earnings ratio of 45.23 and a beta of 0.26. Safehold has a twelve month low of $16.13 and a twelve month high of $34.14. The stock has a fifty day simple moving average of $31.59 and a two-hundred day simple moving average of $25.74.
Safehold (NYSE:SAFE) last released its quarterly earnings results on Friday, July 26th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.12). The company had revenue of $19.68 million during the quarter, compared to the consensus estimate of $19.77 million. Safehold had a return on equity of 4.57% and a net margin of 32.29%. Analysts forecast that Safehold will post 1.14 EPS for the current fiscal year.
In other Safehold news, major shareholder Istar Inc. bought 15,000 shares of Safehold stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $27.95 per share, with a total value of $419,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 300,132 shares of company stock worth $9,074,830 over the last ninety days. 1.47% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Safehold by 3.0% during the 4th quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock worth $8,789,000 after buying an additional 13,408 shares during the period. Bank of New York Mellon Corp raised its stake in Safehold by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 72,012 shares of the company’s stock valued at $1,355,000 after purchasing an additional 1,004 shares during the last quarter. Northern Trust Corp raised its stake in Safehold by 1.1% in the 4th quarter. Northern Trust Corp now owns 86,502 shares of the company’s stock valued at $1,627,000 after purchasing an additional 900 shares during the last quarter. Geode Capital Management LLC raised its stake in Safehold by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 88,180 shares of the company’s stock valued at $1,658,000 after purchasing an additional 4,371 shares during the last quarter. Finally, Angeles Investment Advisors LLC acquired a new position in Safehold in the 1st quarter valued at $414,000. Institutional investors and hedge funds own 17.54% 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. 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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