Today Mizuho Securities Reaffirms a Hold Rating on Safety Income & Growth Inc (NYSE:SAFE) and a $19.0 Target Price

January 14, 2018 - By Stephen Andrade

 Today Mizuho Securities Reaffirms a Hold Rating on Safety Income & Growth Inc (NYSE:SAFE) and a $19.0 Target Price

Safety Income & Growth Inc (NYSE:SAFE) Rating Reaffirmed

They currently have a $19.0 price target on Safety Income & Growth Inc (NYSE:SAFE). The target price by Mizuho Securities would suggest a potential upside of 5.97 % from the company’s previous close. This has been revealed to clients and investors in a note on Thursday morning.

Safety, Income & Growth Inc. (NYSE:SAFE) Ratings Coverage

Among 4 analysts covering Safety Income & Growth Inc (NYSE:SAFE), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Safety Income & Growth Inc has $2200 highest and $19.0 lowest target. $20.75’s average target is 15.73% above currents $17.93 stock price. Safety Income & Growth Inc had 7 analyst reports since July 14, 2017 according to SRatingsIntel. Barclays Capital initiated Safety, Income & Growth Inc. (NYSE:SAFE) on Monday, July 17 with “Hold” rating. The stock of Safety, Income & Growth Inc. (NYSE:SAFE) has “Hold” rating given on Thursday, August 31 by Mizuho. On Monday, July 17 the stock rating was initiated by J.P. Morgan with “Hold”. As per Tuesday, October 31, the company rating was maintained by Ladenburg. As per Monday, July 31, the company rating was maintained by Ladenburg. The stock of Safety, Income & Growth Inc. (NYSE:SAFE) earned “Hold” rating by Mizuho on Thursday, October 26. Ladenburg maintained the shares of SAFE in report on Friday, July 14 with “Buy” rating.

The stock increased 0.06% or $0.01 during the last trading session, reaching $17.93. About 131,136 shares traded or 14.07% up from the average. Safety, Income & Growth Inc. (NYSE:SAFE) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Safety, Income & Growth Inc. (NYSE:SAFE) to report earnings on January, 25. SAFE’s profit will be $2.91M for 28.02 P/E if the $0.16 EPS becomes a reality. After $-0.04 actual EPS reported by Safety, Income & Growth Inc. for the previous quarter, Wall Street now forecasts -500.00 % EPS growth.

Safety, Income & Growth Inc. is the first publicly traded firm that focuses on acquiring, owning, managing and capitalizing ground leases. The company has market cap of $326.15 million. The Firm seeks to provide safe, growing income and capital appreciation to shareholders by building a diversified portfolio of high quality ground leases. It has a 235.92 P/E ratio. The Firm is managed by its largest shareholder, iStar Inc.

More news for Safety, Income & Growth Inc. (NYSE:SAFE) were recently published by: Businesswire.com, which released: “Safety, Income & Growth Inc. Declares Common Stock Dividend” on December 19, 2017. Seekingalpha.com‘s article titled: “SAFE Is Safe Yield And Ballast In Your Portfolio” and published on January 09, 2018 is yet another important article.

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