Natixis Advisors LLC Sells 57,004 Shares of Safehold Inc. (NYSE:SAFE)

Natixis Advisors LLC decreased its holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,499 shares of the company's stock after selling 57,004 shares during the quarter. Natixis Advisors LLC's holdings in Safehold were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after buying an additional 1,020 shares during the period. Vestcor Inc acquired a new position in shares of Safehold in the third quarter worth approximately $110,000. FMR LLC lifted its stake in shares of Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after acquiring an additional 1,163 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Safehold by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after acquiring an additional 1,173 shares during the last quarter. Finally, Sage Investment Counsel LLC acquired a new stake in Safehold during the 4th quarter valued at approximately $186,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Stock Up 0.4 %

Safehold stock traded up $0.07 during midday trading on Wednesday, reaching $18.36. The stock had a trading volume of 209,669 shares, compared to its average volume of 383,484. The company has a fifty day moving average price of $17.72 and a two-hundred day moving average price of $20.18. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $1.31 billion, a P/E ratio of 12.41 and a beta of 1.62.

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

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, March 31st. Safehold's dividend payout ratio (DPR) is 47.30%.

Wall Street Analysts Forecast Growth

SAFE has been the topic of a number of recent analyst reports. Wedbush restated a "neutral" rating and issued a $20.00 price target on shares of Safehold in a research report on Monday. JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. The Goldman Sachs Group decreased their price target on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley downgraded Safehold from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $25.67.

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.