Invesco Ltd. Buys 487,886 Shares of Safehold Inc. (NYSE:SAFE)

Invesco Ltd. lifted its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 308.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 646,222 shares of the company's stock after purchasing an additional 487,886 shares during the period. Invesco Ltd. owned 0.90% of Safehold worth $11,942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Safehold by 11.1% in the 4th quarter. American Century Companies Inc. now owns 1,515,743 shares of the company's stock valued at $28,011,000 after buying an additional 150,976 shares during the period. Geode Capital Management LLC lifted its stake in Safehold by 3.1% in the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock valued at $32,734,000 after buying an additional 38,074 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Safehold by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock valued at $19,424,000 after buying an additional 388,899 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Safehold by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company's stock worth $13,251,000 after acquiring an additional 29,348 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Safehold by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company's stock worth $8,053,000 after acquiring an additional 7,437 shares during the period. Institutional investors own 70.38% of the company's stock.

Safehold Trading Up 0.7 %

Shares of SAFE traded up $0.11 during trading hours on Thursday, hitting $15.36. The company had a trading volume of 415,513 shares, compared to its average volume of 395,889. The firm has a market cap of $1.10 billion, a P/E ratio of 10.38 and a beta of 1.63. Safehold Inc. has a 52-week low of $13.68 and a 52-week high of $28.80. The stock's 50 day moving average price is $17.31 and its 200 day moving average price is $18.98. 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 released its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting analysts' consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the firm earned $0.36 earnings per share. On average, research analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.177 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.61%. Safehold's dividend payout ratio is currently 47.30%.

Wall Street Analysts Forecast Growth

SAFE has been the subject of a number of recent research reports. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Mizuho cut their price objective on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley downgraded Safehold from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reiterated a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research note on Monday, March 31st. Finally, The Goldman Sachs Group reduced their price target 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.50.

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.