JPMorgan Chase & Co. Acquires 388,899 Shares of Safehold Inc. (NYSE:SAFE)

JPMorgan Chase & Co. raised its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,051,078 shares of the company's stock after buying an additional 388,899 shares during the period. JPMorgan Chase & Co. owned about 1.47% of Safehold worth $19,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after purchasing an additional 1,163 shares during the period. State Street Corp lifted its stake in Safehold by 2.0% in the 3rd quarter. State Street Corp now owns 2,618,033 shares of the company's stock worth $69,131,000 after acquiring an additional 51,035 shares in the last quarter. Jane Street Group LLC grew its stake in Safehold by 6.2% during the 3rd quarter. Jane Street Group LLC now owns 44,910 shares of the company's stock valued at $1,178,000 after acquiring an additional 2,632 shares in the last quarter. Barclays PLC increased its holdings in shares of Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock valued at $2,254,000 after purchasing an additional 65,370 shares during the period. Finally, Vestcor Inc purchased a new stake in shares of Safehold in the third quarter worth approximately $110,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Safehold Price Performance

Shares of NYSE:SAFE traded up $0.15 during midday trading on Wednesday, reaching $15.25. The company's stock had a trading volume of 16,224 shares, compared to its average volume of 393,804. The business's fifty day simple moving average is $17.58 and its 200-day simple moving average is $19.38. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick 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 has a market capitalization of $1.09 billion, a P/E ratio of 10.30 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last announced 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 return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the business earned $0.36 earnings per share. As a group, equities research analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Monday, March 31st. Safehold's dividend payout ratio (DPR) is presently 47.30%.

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.