Edgestream Partners L.P. Makes New Investment in Safehold Inc. (NYSE:SAFE)

Edgestream Partners L.P. acquired a new stake in Safehold Inc. (NYSE:SAFE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 119,956 shares of the company's stock, valued at approximately $2,217,000. Edgestream Partners L.P. owned 0.17% of Safehold at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Safehold by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock worth $17,369,000 after purchasing an additional 91,965 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Safehold in the third quarter worth $639,000. Charles Schwab Investment Management Inc. boosted its stake in Safehold by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock valued at $18,039,000 after buying an additional 39,320 shares during the period. Barclays PLC grew its position in Safehold by 317.9% during the third 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. Finally, Geode Capital Management LLC increased its stake in Safehold by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock worth $32,734,000 after acquiring an additional 38,074 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Safehold Trading Down 1.1 %

NYSE:SAFE traded down $0.21 during trading hours on Thursday, reaching $18.62. The company's stock had a trading volume of 380,312 shares, compared to its average volume of 359,240. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.58 and a beta of 1.75. The firm has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $20.88. Safehold Inc. has a 1 year low of $15.55 and a 1 year high of $28.80.

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Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 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 EPS. Research analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Monday, December 30th. Safehold's dividend payout ratio (DPR) is presently 47.30%.

Analyst Ratings Changes

Several brokerages have recently commented on SAFE. Morgan Stanley lowered 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 report on Wednesday, January 15th. Wedbush reissued a "neutral" rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a research note on Friday, February 7th. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Safehold presently has an average rating of "Hold" and a consensus price target of $25.56.

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.