Amundi Buys 14,130 Shares of Safehold Inc. (NYSE:SAFE)

Amundi boosted its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,549 shares of the company's stock after acquiring an additional 14,130 shares during the quarter. Amundi owned approximately 0.07% of Safehold worth $916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SAFE. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Safehold by 8.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 51,190 shares of the company's stock worth $1,343,000 after acquiring an additional 3,812 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Safehold in the 3rd quarter worth approximately $639,000. KBC Group NV boosted its position in Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company's stock worth $76,000 after purchasing an additional 1,275 shares during the period. Natixis Advisors LLC boosted its position in Safehold by 2.9% during the third quarter. Natixis Advisors LLC now owns 70,503 shares of the company's stock worth $1,849,000 after purchasing an additional 2,011 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Safehold by 140.9% during the third quarter. Thrivent Financial for Lutherans now owns 89,996 shares of the company's stock valued at $2,361,000 after purchasing an additional 52,636 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Trading Down 0.7 %

Safehold stock traded down $0.14 during midday trading on Friday, hitting $18.39. 700,377 shares of the stock were exchanged, compared to its average volume of 355,860. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.42 and a beta of 1.75. The company has a fifty day simple moving average of $17.48 and a two-hundred day simple moving average of $20.58. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold Inc. has a 52 week low of $15.55 and a 52 week high of $28.80.

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Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly 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 period in the prior year, the company earned $0.36 earnings per share. Equities research analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 3.85%. Safehold's dividend payout ratio is currently 47.30%.

Analyst Ratings Changes

Several research firms recently weighed in on SAFE. Morgan Stanley cut Safehold from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Wedbush reiterated a "neutral" rating and set a $19.00 price target (down from $20.00) on shares of Safehold in a report on Friday, February 7th. The Goldman Sachs Group lowered their price objective 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. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.56.

About Safehold

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.