Proficio Capital Partners LLC bought a new stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,558 shares of the company's stock, valued at approximately $306,000.
Several other hedge funds also recently modified their holdings of the stock. Illinois Municipal Retirement Fund boosted its position in shares of Safehold by 11.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 25,713 shares of the company's stock valued at $475,000 after buying an additional 2,689 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Safehold by 1.7% during the 4th quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company's stock valued at $8,053,000 after buying an additional 7,437 shares during the last quarter. Alberta Investment Management Corp lifted its position in shares of Safehold by 11.0% during the 4th quarter. Alberta Investment Management Corp now owns 84,700 shares of the company's stock valued at $1,565,000 after buying an additional 8,395 shares during the last quarter. Peregrine Capital Management LLC lifted its position in shares of Safehold by 5.9% during the 4th quarter. Peregrine Capital Management LLC now owns 308,835 shares of the company's stock valued at $5,707,000 after buying an additional 17,220 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Safehold by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 222,050 shares of the company's stock valued at $4,103,000 after buying an additional 6,093 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.
Safehold Price Performance
NYSE SAFE traded up $0.36 during trading on Friday, reaching $18.93. The company's stock had a trading volume of 380,160 shares, compared to its average volume of 360,107. The stock has a market capitalization of $1.35 billion, a PE ratio of 12.79 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The firm has a fifty day moving average of $17.27 and a 200 day moving average of $20.87. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80.
Safehold (NYSE:SAFE - Get Free Report) last announced 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 period last year, the company posted $0.36 EPS. Analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.
Safehold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.74%. Safehold's payout ratio is currently 47.30%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Wedbush reiterated a "neutral" rating and set a $19.00 price objective (down from $20.00) on shares of Safehold in a research note on Friday, February 7th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Finally, Morgan Stanley lowered Safehold from an "overweight" rating to an "equal weight" rating and decreased 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.56.
Check Out Our Latest Stock Report on Safehold
Safehold Company Profile
(
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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