Ladenburg Thinks Safety Income & Growth Inc’s Stock is Going to Recover

By Ryan Adsit

In a report released today, Daniel Donlan from Ladenburg reiterated a Buy rating on Safety Income & Growth Inc (NYSE: SAFE). The company’s shares opened today at $18.25, close to its 52-week high of $20.

According to TipRanks.com, Donlan is a 2-star analyst with an average return of 0.0% and a 62.8% success rate. Donlan covers the Financial sector, focusing on stocks such as Innovative Industrial Properties Inc, NexPoint Residential Trust Inc, and Four Corners Property Trust.

Safety Income & Growth Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.

Based on Safety Income & Growth Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $5.44 million and quarterly net profit of $1.79 million. In comparison, last year the company earned revenue of $4.55 million and had a net profit of $892K.

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Safety Income & Growth, Inc. is a real estate investment trust, which owns, acquires, and finances commercial properties subject to long-term net leases. Its leases are typically triple-net leases, which the tenant is responsible for development costs, capital expenditures and all property operating expenses, such as maintenance, real estate taxes and insurance. The firm’s investment objective is to construct a diversified portfolio of ground net leases that will generate attractive risk-adjusted returns and support stable and growing distributions to stockholders. The company is headquartered in New York, NY.