Safehold Inc. (NYSE: SAFE) on Friday, soared 1.05% from the previous trading day, before settling in for the closing price of $24.80. Within the past 52 weeks, SAFE’s price has moved between $15.00 and $26.05.
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Annual sales at Real Estate sector company slipped by -0.33% over the past five years. The company achieved an average annual earnings per share of 7.84%. With a float of $49.61 million, this company’s outstanding shares have now reached $71.07 million.
Let’s look at the performance matrix of the company that is accounted for 86 employees. In terms of profitability, gross margin is 97.5%, operating margin of 14.02%, and the pretax margin is -4.89%.
Safehold Inc. (SAFE) Insider and Institutional Ownership
Observing investor behavior towards REIT – Diversified industry stocks is more important than anything else. The insider ownership of Safehold Inc. is 30.55%, while institutional ownership is 67.75%. The most recent insider transaction that took place on Dec 18 ’23, was worth 241,697. In this transaction Director of this company sold 10,500 shares at a rate of $23.02, taking the stock ownership to the 21,942 shares. Before that another transaction happened on Dec 19 ’23, when Company’s Director sold 8,046 for $23.00, making the entire transaction worth $185,058. This insider now owns 30,000 shares in total.
Safehold Inc. (SAFE) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.33 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.34) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.84% per share during the next fiscal year.
Safehold Inc. (NYSE: SAFE) Trading Performance Indicators
Safehold Inc. (SAFE) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.76. Likewise, its price to free cash flow for the trailing twelve months is 38.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.63 in one year’s time.
Technical Analysis of Safehold Inc. (SAFE)
Safehold Inc. (NYSE: SAFE) saw its 5-day average volume 0.32 million, a negative change from its year-to-date volume of 0.34 million. As of the previous 9 days, the stock’s Stochastic %D was 56.25%. Additionally, its Average True Range was 0.65.
During the past 100 days, Safehold Inc.’s (SAFE) raw stochastic average was set at 87.84%, which indicates a significant increase from 68.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.07% in the past 14 days, which was lower than the 35.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.04, while its 200-day Moving Average is $20.73. Nevertheless, the first resistance level for the watch stands at $25.32 in the near term. At $25.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.04. If the price goes on to break the first support level at $24.60, it is likely to go to the next support level at $24.15. The third support level lies at $23.88 if the price breaches the second support level.
Safehold Inc. (NYSE: SAFE) Key Stats
Market capitalization of the company is 1.79 billion based on 71,435K outstanding shares. Right now, sales total 352,580 K and income totals -54,970 K. The company made 89,900 K in profit during its latest quarter, and 29,670 K in sales during its previous quarter.
