Safehold Inc (SAFE) Receives a Sell from Barclays

By Jason Carr

Barclays analyst Ross L Smotrich maintained a Sell rating on Safehold Inc (SAFEResearch Report) on August 16 and set a price target of $26. The company’s shares closed last Monday at $28.85.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 5.9% and a 60.1% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hudson Pacific Properties, and Cushman & Wakefield Plc.

Safehold Inc has an analyst consensus of Moderate Sell, with a price target consensus of $26.

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Based on Safehold Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $4.52 million. In comparison, last year the company had a net profit of $1.7 million.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAFE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.