Safehold Inc. (NYSE: SAFE) stock jumped 1.24% on Thursday to $19.56 against a previous-day closing price of $19.32. With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.57 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $20.02 whereas the lowest price it dropped to was $19.42. The 52-week range on SAFE shows that it touched its highest point at $38.05 and its lowest point at $18.88 during that stretch. It currently has a 1-year price target of $34.09. With its current market cap of 1.39 billion, SAFE has annualized dividend of $0.71 while the current yield stands at 3.62%. Beta for the stock currently stands at 1.32.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SAFE was down-trending over the past week, with a drop of -0.56%, but this was down by -5.05% over a month. Three-month performance dropped to -17.75% while six-month performance fell -22.33%. The stock lost -48.78% in the past year, while it has lost -29.66% so far this year. A look at the trailing 12-month EPS for SAFE yields -4.94 with Next year EPS estimates of 1.55. For the next quarter, that number is 0.34. This implies an EPS growth rate of -96.30% for this year and 5.94% for next year.
Float and Shares Shorts:
At present, 71.07 million SAFE shares are outstanding with a float of 65.93 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.37 million, which was 4.74% higher than short shares on Jul 30, 2023. In addition to Mr. Jay S. Sugarman as the firm’s CEO & Chairman, Mr. Marcos Alvarado serves as its Pres, Chief Investment Officer & Director.
Institutional Ownership:
Through their ownership of 77.33% of SAFE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.85% of SAFE, in contrast to 24.96% held by mutual funds. Shares owned by individuals account for 22.58%. As the largest shareholder in SAFE with 10.64% of the stake, The Vanguard Group, Inc. holds 6,806,113 shares worth 6,806,113. A second-largest stockholder of SAFE, BlackRock Fund Advisors, holds 6,032,036 shares, controlling over 9.43% of the firm’s shares. GIC Pte Ltd. is the third largest shareholder in SAFE, holding 4,248,435 shares or 6.64% stake. With a 4.50% stake in SAFE, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,876,265 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.54% of SAFE stock, is the second-largest Mutual Fund holder. It holds 1,622,951 shares valued at 40.14 million. Vanguard Real Estate Index Fund holds 2.53% of the stake in SAFE, owning 1,615,634 shares worth 39.95 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SAFE reported revenue of $64.88M and operating income of $51.32M. The EBITDA in the recently reported quarter was $55.96M and diluted EPS was $0.36.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SAFE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SAFE analysts setting a high price target of $47.00 and a low target of $24.00, the average target price over the next 12 months is $32.71. Based on these targets, SAFE could surge 140.29% to reach the target high and rise by 22.7% to reach the target low. Reaching the average price target will result in a growth of 67.23% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded SAFE stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 89,756 shares were bought while 0 shares were sold. The number of buy transactions has increased to 55 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 21,305,516 while 36,369,931 shares were sold.
