EntryPoint Capital LLC Purchases Shares of 15,240 Safehold Inc. (NYSE:SAFE)

EntryPoint Capital LLC bought a new stake in Safehold Inc. (NYSE:SAFE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,240 shares of the company's stock, valued at approximately $282,000.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers increased its position in shares of Safehold by 0.4% in the 4th quarter. Rhumbline Advisers now owns 163,179 shares of the company's stock valued at $3,016,000 after buying an additional 663 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Safehold by 5.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company's stock valued at $391,000 after acquiring an additional 823 shares during the period. M&T Bank Corp increased its holdings in shares of Safehold by 3.4% in the fourth quarter. M&T Bank Corp now owns 27,520 shares of the company's stock worth $509,000 after acquiring an additional 899 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Safehold by 6.9% during the fourth quarter. Corient Private Wealth LLC now owns 14,260 shares of the company's stock worth $264,000 after purchasing an additional 924 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SAFE has been the subject of a number of research reports. Wedbush reissued a "neutral" rating and set a $20.00 target price on shares of Safehold in a research note on Monday. JMP Securities reissued a "market outperform" rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered shares of Safehold from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Five equities research 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, Safehold presently has a consensus rating of "Hold" and a consensus price target of $25.67.

Remove Ads

Safehold Stock Down 2.8 %

SAFE traded down $0.53 during trading hours on Tuesday, hitting $18.19. 517,536 shares of the company's stock were exchanged, compared to its average volume of 384,790. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 12.29 and a beta of 1.75. Safehold Inc. has a 1-year low of $15.55 and a 1-year high of $28.80. The stock's 50-day moving average is $17.68 and its two-hundred day moving average is $20.20. 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 (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter in the prior year, the business posted $0.36 earnings per share. Sell-side analysts predict that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.177 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 3.89%. Safehold's dividend payout ratio is 47.30%.

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.