Jump Financial LLC Buys Shares of 26,469 Safehold Inc. (NYSE:SAFE)

Jump Financial LLC purchased a new position in shares of Safehold Inc. (NYSE:SAFE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 26,469 shares of the company's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake 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 valued at $26,000 after purchasing an additional 1,020 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after buying an additional 1,173 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Safehold in the 4th quarter valued at $169,000. Sage Investment Counsel LLC acquired a new stake in shares of Safehold in the 4th quarter valued at $186,000. Finally, abrdn plc raised its position in shares of Safehold by 30.6% during the fourth quarter. abrdn plc now owns 13,505 shares of the company's stock worth $248,000 after acquiring an additional 3,166 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho decreased their price target on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Morgan Stanley lowered shares of Safehold from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reaffirmed a "neutral" rating and set a $20.00 target price on shares of Safehold in a report on Monday, March 31st. Finally, The Goldman Sachs Group cut their price target on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.50.

Safehold Trading Up 2.3 %

Safehold stock traded up $0.34 during mid-day trading on Monday, hitting $15.45. 271,652 shares of the company's stock were exchanged, compared to its average volume of 396,720. Safehold Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $28.80. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $1.11 billion, a P/E ratio of 10.44 and a beta of 1.63. The company's 50 day simple moving average is $17.24 and its 200-day simple moving average is $18.78.

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 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 quarter in the previous year, the firm posted $0.36 EPS. On average, equities analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 annualized dividend and a yield of 4.58%. Safehold's dividend payout ratio is currently 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.