AlphaQuest LLC Acquires 36,385 Shares of Safehold Inc. (NYSE:SAFE)

AlphaQuest LLC raised its holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 421.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,026 shares of the company's stock after acquiring an additional 36,385 shares during the period. AlphaQuest LLC owned approximately 0.06% of Safehold worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SAFE. Rhumbline Advisers raised its stake in Safehold by 0.4% in the fourth quarter. Rhumbline Advisers now owns 163,179 shares of the company's stock valued at $3,016,000 after purchasing an additional 663 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Safehold by 5.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company's stock worth $391,000 after buying an additional 823 shares during the last quarter. M&T Bank Corp raised its position in shares of Safehold by 3.4% during the 4th quarter. M&T Bank Corp now owns 27,520 shares of the company's stock valued at $509,000 after buying an additional 899 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock valued at $26,000 after buying an additional 1,020 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after acquiring an additional 1,163 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAFE. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Wedbush reissued a "neutral" rating and set a $19.00 price objective (down from $20.00) on shares of Safehold in a report on Friday, February 7th. Morgan Stanley lowered 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. Finally, The Goldman Sachs Group decreased their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $25.56.

Safehold Trading Down 1.1 %

NYSE:SAFE traded down $0.21 during midday trading on Thursday, reaching $18.62. 531,212 shares of the stock traded hands, compared to its average volume of 360,580. The company has a fifty day moving average of $17.27 and a 200 day moving average of $20.88. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. The stock has a market capitalization of $1.33 billion, a P/E ratio of 12.58 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59.

Safehold (NYSE:SAFE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting analysts' consensus estimates 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 firm earned $0.36 earnings per share. On average, research analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.71 annualized dividend and a dividend yield of 3.80%. Safehold's payout ratio is 47.30%.

Safehold Company 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.