16,558 Shares in Safehold Inc. (NYSE:SAFE) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Safehold Inc. (NYSE:SAFE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,558 shares of the company's stock, valued at approximately $306,000.

Several other hedge funds have also added to or reduced their stakes in SAFE. Victory Capital Management Inc. acquired a new position in Safehold during the 3rd quarter worth about $639,000. Thrivent Financial for Lutherans lifted its stake in shares of Safehold by 140.9% in the third quarter. Thrivent Financial for Lutherans now owns 89,996 shares of the company's stock worth $2,361,000 after acquiring an additional 52,636 shares during the period. Intech Investment Management LLC lifted its stake in shares of Safehold by 76.4% in the third quarter. Intech Investment Management LLC now owns 21,711 shares of the company's stock worth $569,000 after acquiring an additional 9,400 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock valued at $18,039,000 after acquiring an additional 39,320 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Safehold by 5.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company's stock valued at $391,000 after purchasing an additional 823 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAFE has been the topic of a number of recent analyst reports. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Wedbush reaffirmed a "neutral" rating and set a $19.00 price target (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Safehold presently has a consensus rating of "Hold" and a consensus price target of $25.56.

Safehold Stock Down 1.1 %

SAFE stock traded down $0.20 during trading on Friday, reaching $18.06. 205,553 shares of the stock were exchanged, compared to its average volume of 383,058. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold Inc. has a twelve month low of $15.55 and a twelve month high of $28.80. The firm's 50 day moving average is $17.61 and its 200 day moving average is $20.31. The firm has a market cap of $1.29 billion, a P/E ratio of 12.20 and a beta of 1.75.

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, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, research analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is 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.