Peregrine Capital Management LLC Raises Holdings in Safehold Inc. (NYSE:SAFE)

Peregrine Capital Management LLC increased its position in Safehold Inc. (NYSE:SAFE - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 308,835 shares of the company's stock after buying an additional 17,220 shares during the period. Peregrine Capital Management LLC owned about 0.43% of Safehold worth $5,707,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Safehold by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock valued at $17,369,000 after purchasing an additional 91,965 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Safehold during the 3rd quarter valued at about $639,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Safehold by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock valued at $18,039,000 after purchasing an additional 39,320 shares during the last quarter. Barclays PLC boosted its holdings in shares of Safehold by 317.9% during 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Safehold by 3.1% during the 3rd 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 during the last quarter. Institutional investors own 70.38% of the company's stock.

Safehold Price Performance

Safehold stock remained flat at $16.81 during midday trading on Friday. 366,629 shares of the company were exchanged, compared to its average volume of 402,792. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.36 and a beta of 1.66. The stock has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $21.36.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data 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 net margin of 28.92% and a return on equity of 4.76%. During the same period last year, the company posted $0.36 EPS. Equities research analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Monday, December 30th. Safehold's dividend payout ratio (DPR) is currently 47.97%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho increased their price objective on shares of Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Morgan Stanley downgraded shares of 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 report on Wednesday, January 15th. Royal Bank of Canada upped their target price on shares of Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. JMP Securities restated a "market outperform" rating and set a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. Finally, Wedbush restated a "neutral" rating and set a $19.00 target price (down from $20.00) on shares of Safehold in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $25.56.

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.