Arrowstreet Capital Limited Partnership Buys 86,967 Shares of Safehold Inc. (NYSE:SAFE)

Arrowstreet Capital Limited Partnership raised its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 299,649 shares of the company's stock after buying an additional 86,967 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.42% of Safehold worth $5,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SAFE. FMR LLC boosted its position in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Safehold by 266.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company's stock worth $9,171,000 after purchasing an additional 254,227 shares during the last quarter. State Street Corp grew its position in Safehold by 2.0% in the third quarter. State Street Corp now owns 2,618,033 shares of the company's stock valued at $69,131,000 after purchasing an additional 51,035 shares in the last quarter. Jane Street Group LLC increased its stake in Safehold by 6.2% in the 3rd quarter. Jane Street Group LLC now owns 44,910 shares of the company's stock valued at $1,178,000 after buying an additional 2,632 shares during the last quarter. Finally, Barclays PLC lifted its position in Safehold by 317.9% during the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock worth $2,254,000 after buying an additional 65,370 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Stock Performance

SAFE traded down $0.98 on Friday, reaching $14.12. The company had a trading volume of 1,671,266 shares, compared to its average volume of 394,102. The stock has a market cap of $1.01 billion, a P/E ratio of 9.54 and a beta of 1.63. 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 Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $28.80. The company's fifty day moving average is $17.66 and its 200 day moving average is $19.53.

Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting 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 business earned $0.36 EPS. As a group, analysts predict that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Monday, March 31st. Safehold's dividend payout ratio is 47.30%.

Wall Street Analyst Weigh In

SAFE has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Wedbush restated a "neutral" rating and set a $20.00 target price on shares of Safehold in a report on Monday, March 31st. Morgan Stanley cut shares of Safehold from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th. Finally, Mizuho dropped their target price on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.00.

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.