Now trading at a price of $19.61, Safehold has moved -5.9% so far today.
Safehold returned losses of -64.3% last year, with its stock price reaching a high of $55.69 and a low of $15.0. Over the same period, the stock underperformed the S&P 500 index by -83.8%. AThe company's 50-day average price was $21.68. 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. The mid-cap Real Estate company is based in New York, NY. Safehold has returned a 3.4% dividend yield over the last 12 months, but this may not be sustainable seen that the company has a choppy cash flow record.
The Company's Revenues Are Declining:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (k) | $798,122 | $273,705 | $324,099 | $308,630 | $158,051 | $279,829 |
| Revenue Growth | n/a | -65.71% | 18.41% | -4.77% | -48.79% | 77.05% |
| Operating Margins | -2% | -56% | -36% | 5% | -124% | -113% |
| Net Margins | -4% | 118% | -13% | 43% | 267% | 76% |
| Net Income (k) | -$32,262 | $324,042 | -$42,441 | $132,481 | $421,288 | $211,503 |
| Net Interest Expense (k) | $183,751 | $141,699 | $126,828 | $115,400 | $98,051 | $140,482 |
| Depreciation & Amort. (k) | $58,699 | $7,176 | $7,327 | $7,072 | $5,470 | $5,699 |
| Earnings Per Share | -$0.95 | $4.51 | -$0.87 | $1.51 | $4.92 | -$2.39 |
| EPS Growth | n/a | 574.74% | -119.29% | 273.56% | 225.83% | -148.58% |
| Diluted Shares (k) | 68,012 | 64,910 | 74,053 | 69,328 | 86,704 | 67,979 |
| Free Cash Flow (k) | -$84,623 | -$85,571 | $6,088 | -$27,089 | $46,489 | -$13,329 |
| Capital Expenditures | $60,495 | $39,946 | $15,798 | $6,762 | $1,178 | $1,178 |
| Total Debt (k) | $3,609,086 | $3,387,080 | $2,569,280 | $2,572,174 | $3,521,359 | $3,937,827 |
Safehold has declining revenues and decreasing reinvestment in the business, declining EPS growth, and High Levels of Debt. Safehold has negative cash flows.
Safehold does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $1.65, the company has a forward P/E ratio of 13.1. In comparison, the average P/E ratio for the Real Estate sector is 25.55. On the other hand, the market is undervaluing Safehold in terms of its equity because its P/B ratio is 0.62. In comparison, the sector average is 2.1.
Safehold Has an Average Rating of Buy:
The 13 analysts following Safehold have set target prices ranging from $22.0 to $43.75 per share, for an average of $30.67 with a buy rating. The company is trading -36.1% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
Safehold has an above average percentage of its shares sold short because 9.1% of the company's shares are sold short. Institutions own 79.8% of the company's shares, and the insider ownership rate stands at 7.16%, suggesting a decent amount of insider shareholders. The largest shareholder is Blackrock Inc., whose 11% stake in the company is worth $157,462,127.
