Long Pond Capital LP Cuts Stock Position in Safehold Inc. (NYSE:SAFE)

Long Pond Capital LP lessened its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765,465 shares of the company's stock after selling 971,260 shares during the period. Safehold makes up about 0.7% of Long Pond Capital LP's holdings, making the stock its 25th biggest holding. Long Pond Capital LP owned 1.07% of Safehold worth $14,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in SAFE. JPMorgan Chase & Co. boosted its position in Safehold by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock valued at $17,369,000 after buying an additional 91,965 shares during the period. Barclays PLC lifted its holdings in Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock worth $2,254,000 after buying an additional 65,370 shares during the period. SG Americas Securities LLC lifted its holdings in Safehold by 265.4% in the fourth quarter. SG Americas Securities LLC now owns 24,071 shares of the company's stock worth $445,000 after buying an additional 17,484 shares during the period. Geode Capital Management LLC boosted its position in shares of Safehold by 3.1% during the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock valued at $32,734,000 after purchasing an additional 38,074 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Safehold during the 4th quarter valued at $306,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAFE. Morgan Stanley downgraded Safehold from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group decreased their target price on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target 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 research note on Monday, March 31st. Finally, Mizuho lowered their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Safehold Price Performance

Shares of NYSE:SAFE traded up $0.07 during trading on Tuesday, reaching $14.73. 160,213 shares of the company's stock traded hands, compared to its average volume of 480,225. The firm has a market cap of $1.05 billion, a PE ratio of 9.95 and a beta of 1.63. 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 company has a 50-day simple moving average of $17.39 and a 200-day simple moving average of $19.04.

Safehold (NYSE:SAFE - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting 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 period in the previous year, the business earned $0.36 earnings per share. As a group, analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Monday, March 31st. Safehold's dividend payout ratio (DPR) is presently 47.30%.

Safehold Company 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.