Infrastructure Capital Advisors LLC Purchases Shares of 56,073 Safehold Inc. (NYSE:SAFE)

Infrastructure Capital Advisors LLC purchased a new position in Safehold Inc. (NYSE:SAFE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 56,073 shares of the company's stock, valued at approximately $1,471,000. Infrastructure Capital Advisors LLC owned 0.08% of Safehold at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Safehold by 1.8% during the first quarter. Vanguard Group Inc. now owns 7,861,603 shares of the company's stock worth $161,949,000 after acquiring an additional 141,245 shares during the period. Quadrature Capital Ltd purchased a new position in Safehold during the 1st quarter worth $330,000. Price T Rowe Associates Inc. MD raised its position in Safehold by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,835 shares of the company's stock valued at $801,000 after purchasing an additional 1,731 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Safehold by 69.1% in the 1st quarter. Kennedy Capital Management LLC now owns 71,462 shares of the company's stock worth $1,472,000 after buying an additional 29,206 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Safehold by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company's stock worth $9,080,000 after buying an additional 34,404 shares in the last quarter. Institutional investors own 70.38% of the company's stock.

Safehold Stock Up 0.2 %

Shares of SAFE traded up $0.04 during midday trading on Friday, hitting $21.36. 228,516 shares of the company's stock traded hands, compared to its average volume of 348,552. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.56 and a beta of 1.68. Safehold Inc. has a 1 year low of $17.91 and a 1 year high of $28.80. The firm's fifty day moving average is $23.11 and its 200-day moving average is $22.20.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The business had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. During the same quarter last year, the company earned $0.33 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Safehold Inc. will post 1.56 earnings per share for the current year.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Monday, September 30th. Safehold's dividend payout ratio is presently 41.76%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAFE. Truist Financial increased their target price on shares of Safehold from $21.00 to $22.00 and gave the stock a "hold" rating in a report on Monday, August 5th. Royal Bank of Canada increased their price objective on shares of Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of Safehold in a research note on Tuesday, October 29th. Raymond James raised Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 target price on the stock in a research report on Thursday, September 19th. Finally, Wedbush reiterated a "neutral" rating and issued a $23.00 price target (down from $25.00) on shares of Safehold in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.22.

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.