SAFE Stock Summary and Trading Ideas (Safehold New Common | NYSE:SAFE)

Safehold Inc is a REIT that operates its business by acquiring, managing and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Safehold New Common trades on the NYSE stock market under the symbol SAFE.

As of April 24, 2024, SAFE stock price declined to $18.98 with 94,102 million shares trading.

SAFE has a beta of 1.54, meaning it tends to be more sensitive to market movements. SAFE has a correlation of 0.21 to the broad based SPY ETF.

SAFE has a market cap of $1.36 billion. This is considered a Small Cap stock.

Last quarter Safehold New Common reported $103 million in Revenue and $.36 earnings per share. This beat revenue expectation by $17 million and exceeded earnings estimates by $.01.

In the last 3 years, SAFE stock traded as high as $95.29 and as low as $15.00.

The top ETF exchange traded funds that SAFE belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

SAFE has underperformed the market in the last year with a price return of -31.7% while the SPY ETF gained +24.4%. SAFE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.7% and -9.8%, respectively, while the SPY returned +4.7% and -2.5%, respectively.

SAFE support price is $18.61 and resistance is $19.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SAFE stock will trade within this expected range on the day.