Safehold Inc. (SAFE) Stock Price & Analysis
Safehold Inc. (SAFE) closed at USD 11.33 on Thursday, October 22, 2026, up 6.29% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 10.66; the Oct 22, 2026 session ranged USD 10.67–11.35 on volume of 660,734 shares. Market capitalization is $802.35M, with a 52-week range of USD 10.61–17.45 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:59 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SAFE.md
Key facts (SAFE)
- Last four reported quarters (through Jun 30, 2026): revenue $420M, net income $116M (27.7% margin) (SEC filings).
- Valuation: P/E 6.9x (avg 10.6x at the last 2 fiscal year-ends), EV/EBITDA 48.0x, net debt $4.64B.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $138K; 1 not under a Rule 10b5-1 plan ($138K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.91 on a 1–5 scale) (11 analysts), mean target USD 15.89 (range 13–21).
- Total return with dividends: 1Y -23.2% vs S&P 500 +14.9%; 5Y -88.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.43, revenue estimate $117M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SAFE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $187M | $270M | $353M | $366M | $386M | $420M |
| Gross profit | $184M | $267M | $348M | $361M | $381M | — |
| Operating income | $65.5M | $136M | -$77.1M | $87.1M | $101M | $105M |
| Net income | $73.1M | $135M | -$55.0M | $106M | $114M | $116M |
| EPS (diluted) | $1.32 | $2.17 | -$0.82 | $1.48 | $1.59 | — |
| Gross margin | 98.6% | 98.8% | 98.7% | 98.8% | 98.8% | — |
| Operating margin | 35.0% | 50.2% | -21.9% | 23.8% | 26.2% | 25.1% |
| Net margin | 39.1% | 50.1% | -15.6% | 28.9% | 29.7% | 27.7% |
| Revenue growth | -42.3% | +44.5% | +30.4% | +3.7% | +5.4% | — |
| Cash + short-term investments | $29.6M | $20.1M | $18.8M | $8.3M | $21.7M | — |
| Total debt | $2.57B | $3.52B | $4.05B | $4.32B | $4.59B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SAFE)
P/E 6.9x · P/S 1.9x · EV/EBITDA 48.0x · EV/Sales 13.0x · P/B 0.3x · Earnings yield 14.48% · Dividend yield (paid, TTM) 6.38% · Net debt $4.64B · EV $5.44B
P/E at fiscal year-ends: Dec 2025 8.6x, Dec 2024 12.5x.
Insider sales (SEC Form 4, open-market, last ~7 months) (SAFE)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-09 | Josephs Robin | Director | 9,500 | $138K | 5.7% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SAFE)
Consensus Hold (mean 2.91 on a 1–5 scale), 11 analysts; mean target USD 15.89 (low 13, high 21).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Citizens | Downgrade | Market Outperform → Market Perform | |
| 2026-10-09 | RBC Capital | Target lowered | Sector Perform | $16 → $13 |
| 2026-09-28 | Truist Securities | Target lowered | Hold | $17 → $13 |
| 2026-09-24 | JP Morgan | Downgrade | Neutral → Underweight | $14 |
| 2026-09-17 | Mizuho | Target lowered | Neutral | $16 → $14 |
Total return (dividends reinvested) (SAFE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -23.2% | -88.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.2% | -35.2% |
| Volatility (annualized) | 34.7% | 43.8% |
| Max drawdown | -37.0% (Jul 2026→Oct 2026) | -89.5% (Nov 2021→Oct 2026) |
SAFE revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Ground Leases | $98.7M | 86.1% | — |
| Hotel Operations | $15.9M | 13.9% | — |
| Total revenue | $114.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name SAFE in their SEC reports
| Relationship to SAFE | Company | Filing | Sentence |
|---|---|---|---|
| partner | Star Holdings (STHO) | 10-K Feb 17, 2026 | “In connection with the Spin-Off, the Company entered into the Separation and Distribution Agreement, a management agreement with the Manager (the "Management Agreement"), a governance agreement with Safe (the "Governance Agreement") and a registration rights agreement with Safe (the "Registration Rights Agreement").” |
SAFE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.43 | $0.45 | -4.5% | $117.4M | 7 |
| Next quarter (ends Dec 2026) | $0.37 | $0.38 | -3.4% | $112.4M | 7 |
| Current fiscal year (ends Dec 2026) | $1.62 | $1.65 | -1.6% | $453.4M | 7 |
| Next fiscal year (ends Dec 2027) | $1.67 | $1.73 | -3.6% | $474.1M | 7 |
SAFE options: expected move
Options price a move of about ±11.8% (±$1.34) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±4.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 81.7% | ±11.8% |
| Jan 15, 2027 | 84 | 52.0% | ±23.0% |
| Apr 16, 2027 | 175 | 44.9% | ±19.6% |
30-day implied volatility 38.4% vs 36% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:59 UTC)
| Price | USD 11.33 |
|---|---|
| Change | ▲ 6.29% (up) |
| Previous Close | USD 10.66 |
| Open | USD 10.77 |
| Day Range | USD 10.67 – 11.35 |
| 52-Week Range | USD 10.61 – 17.45 |
| Volume | 660,734 shares |
| Market Cap | $802.35M |
| Exchange | NYQ |
Technical Analysis (SAFE)
Nexqual's technical model rates SAFE "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:59 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 33.3 (neutral) |
| vs SMA50 | Below (USD 13.45) |
| MACD | -0.66 (negative) |
Analyst Ratings (SAFE)
Wall Street analysts rate SAFE "Hold" based on 11 analysts, with a mean price target of USD 15.89 (range USD 13–21), per Nexqual as of October 23, 2026 at 10:59 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 15.89 |
| High Target | USD 21 |
| Low Target | USD 13 |
| Buy / Hold / Sell | 3 / 6 / 2 |
Earnings (SAFE)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.43 |
| Revenue Estimate | $117.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.42 vs est 0.42 ▲ beat |
| 2026-03-31 | USD 0.4 vs est 0.44 ▼ miss |
| 2025-12-31 | USD 0.42 vs est 0.41 ▲ beat |
| 2025-09-30 | USD 0.41 vs est 0.39 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:59 UTC.
Financials & Fundamentals (SAFE)
| Total Revenue | $436.41M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +20.00% |
| Gross Margin | +92.91% |
| Operating Margin | +73.67% |
| Profit Margin | +26.62% |
| ROE | +4.64% |
| Debt / Equity | 1.77 |
| Current Ratio | 37.65 |
| Total Cash | $15.92M |
| Total Debt | $4.66B |
Source: Nexqual, October 23, 2026 at 10:59 UTC.
Financial Health Score (SAFE)
Nexqual rates Safehold Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:59 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 93%, operating 74% (last 12 months) |
| Balance Sheet | Weak — $16M cash and investments vs $4.65B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $48M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 5%, ROA 2.9% |
Ownership (SAFE)
| Insider Ownership | +22.93% |
|---|---|
| Institutional Ownership | +76.21% |
| Shares Outstanding | 70.82M |
| Float | 54.64M |
| Short % of Float | +8.54% |
Source: Nexqual, October 23, 2026 at 10:59 UTC.
Leadership (SAFE)
Safehold Inc. is led by Jay S. Sugarman, CEO & Chairman, per Nexqual as of October 23, 2026 at 10:59 UTC.
| CEO & Chairman | Jay S. Sugarman |
|---|---|
| President | Michael Trachtenberg |
| Chief Financial Officer | Brett Asnas |
| Senior Vice President of Capital Markets & Investor Relations | Pearse Hoffmann |
| Senior Vice President of Tax | Adam M. Cohen |
Major Backers & Investors (SAFE)
Notable institutional backers of Safehold Inc. include MSD Capital, L.P., T. Rowe Price, TR PRICE-Price (T.Rowe) U.S. Small-Cap Value Equity Trust, according to Nexqual as of October 23, 2026 at 10:59 UTC.
Active Investors
| Investor | Stake |
|---|---|
| MSD Capital, L.P. | 8.17% |
| T. Rowe Price | 6.61% |
| TR PRICE-Price (T.Rowe) U.S. Small-Cap Value Equity Trust | 2.32% |
| Ameriprise Financial, Inc. | 1.62% |
| JPMorgan | 1.22% |
| Charles Schwab Investment Management, Inc. | 1.19% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.03% |
| Vanguard Group | 10.45% |
| State Street | 3.67% |
| Geode Capital | 2.08% |
Source: Nexqual, October 23, 2026 at 10:59 UTC.
From Safehold Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)
Partnerships
- SpinCo Manager is party to a management agreement with Star Holdings pursuant to which SpinCo Manager operates and pursues the orderly monetization of Star Holding's assets.
- We track the UCA in our owned residual portfolio over our basis because we believe it provides relevant information with regard to the three key investment characteristics of our Ground Leases: (1) the safety of our position in a tenant's capital structure; (2) the quality of the long-term cash flows generated by our portfolio rent that increases over time; and (3) increases and decreases in the Combined Property Value of the portfolio that reverts to us pursuant to such residual rights.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CTO | CTO Realty Growth, Inc. | USD 20.25 | ▲ 3.42% |
| JBGS | JBG SMITH Properties | USD 11.39 | ▲ 6.35% |
| AHRT | AH Realty Trust, Inc. | USD 6.14 | ▲ 3.54% |
| GOOD | Gladstone Commercial Corporatio | USD 12 | ▲ 3.18% |
| FVR | FrontView REIT, Inc. | USD 17.76 | ▲ 3.14% |
| OLP | One Liberty Properties, Inc. | USD 22.37 | ▲ 3.14% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:59 UTC. This page is informational and not investment advice.
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