Quantbot Technologies LP Makes New Investment in Safehold Inc. (NYSE:SAFE)

Quantbot Technologies LP purchased a new stake in Safehold Inc. (NYSE:SAFE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,453 shares of the company's stock, valued at approximately $304,000.

Several other large investors have also bought and sold shares of SAFE. Smartleaf Asset Management LLC grew its stake in shares of Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after acquiring an additional 1,020 shares in the last quarter. Vestcor Inc purchased a new position in Safehold during the third quarter worth about $110,000. FMR LLC grew its position in Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after purchasing an additional 1,163 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Sage Investment Counsel LLC purchased a new stake in Safehold in the 4th quarter valued at about $186,000. 70.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SAFE shares. Morgan Stanley downgraded Safehold from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research report on Monday. The Goldman Sachs Group reduced their price objective on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.67.

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Safehold Stock Performance

Shares of NYSE SAFE traded up $0.07 during trading on Wednesday, reaching $18.36. 209,669 shares of the stock traded hands, compared to its average volume of 383,484. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The stock has a market capitalization of $1.31 billion, a P/E ratio of 12.41 and a beta of 1.62. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The company has a 50-day moving average of $17.72 and a 200-day moving average of $20.18.

Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter in the prior year, the company earned $0.36 EPS. Analysts forecast that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, March 31st. Safehold's payout ratio is 47.30%.

Safehold Profile

Safehold Inc NYSE: SAFE is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.