Toth Financial Advisory Corp acquired a new position in Safehold Inc. (NYSE:SAFE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 29,200 shares of the company's stock, valued at approximately $766,000.
A number of other institutional investors have also recently bought and sold shares of SAFE. GAMMA Investing LLC lifted its position in Safehold by 49.3% during the first quarter. GAMMA Investing LLC now owns 2,126 shares of the company's stock worth $44,000 after purchasing an additional 702 shares during the period. PNC Financial Services Group Inc. increased its stake in Safehold by 65.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,488 shares of the company's stock valued at $175,000 after acquiring an additional 2,965 shares during the last quarter. ProShare Advisors LLC lifted its stake in Safehold by 7.5% during the first quarter. ProShare Advisors LLC now owns 9,728 shares of the company's stock worth $200,000 after purchasing an additional 676 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Safehold in the 2nd quarter valued at $204,000. Finally, Breakwater Capital Group bought a new position in shares of Safehold in the 1st quarter valued at $225,000. Institutional investors own 70.38% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on SAFE. Wedbush lifted their target price on Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Truist Financial upped their price objective on shares of Safehold from $21.00 to $22.00 and gave the stock a "hold" rating in a research report on Monday, August 5th. Raymond James raised shares of Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a research note on Thursday, September 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Safehold from $25.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $28.56.
Get Our Latest Analysis on Safehold
Safehold Trading Up 0.3 %
NYSE:SAFE traded up $0.06 during trading hours on Tuesday, hitting $23.62. 256,793 shares of the company were exchanged, compared to its average volume of 342,866. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -52.22 and a beta of 1.66. Safehold Inc. has a one year low of $15.00 and a one year high of $28.80. The company has a fifty day simple moving average of $25.21 and a 200 day simple moving average of $21.80. The company has a current ratio of 38.83, a quick ratio of 38.83 and a debt-to-equity ratio of 1.76.
Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $89.90 million for the quarter, compared to analyst estimates of $87.28 million. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts expect that Safehold Inc. will post 1.59 EPS for the current fiscal year.
Safehold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, September 30th. Safehold's dividend payout ratio (DPR) is presently -155.56%.
About Safehold
(
Free Report)
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.
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