In a report released yesterday, Ross L Smotrich from Barclays maintained a Buy rating on Safehold Inc (SAFE), with a price target of $23. The company’s shares closed yesterday at $23.08, close to its 52-week high of $23.29.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.
Safehold Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.
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Based on Safehold Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $4.31 million. In comparison, last year the company had a net profit of $3.72 million.
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Safehold, Inc. operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases.
