Proficio Capital Partners LLC purchased a new stake in Safehold Inc. (NYSE:SAFE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,558 shares of the company's stock, valued at approximately $306,000.
Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV increased its stake in Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company's stock worth $76,000 after buying an additional 1,275 shares during the period. Vestcor Inc purchased a new stake in Safehold during the 3rd quarter worth approximately $110,000. FMR LLC increased its stake in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after buying an additional 1,163 shares during the period. abrdn plc increased its stake in Safehold by 30.6% during the 4th quarter. abrdn plc now owns 13,505 shares of the company's stock worth $248,000 after buying an additional 3,166 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Safehold during the 3rd quarter worth approximately $370,000. 70.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on SAFE shares. The Goldman Sachs Group lowered their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Wedbush reiterated a "neutral" rating and set a $19.00 price target (down previously from $20.00) on shares of Safehold in a report on Friday, February 7th. Morgan Stanley cut shares of Safehold from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Finally, JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Safehold currently has an average rating of "Hold" and an average target price of $25.56.
Get Our Latest Analysis on SAFE
Safehold Trading Down 0.8 %
Shares of Safehold stock opened at $19.05 on Wednesday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 12.87 and a beta of 1.75. The company has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $20.94. 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 12-month low of $15.55 and a 12-month high of $28.80.
Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly 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 net margin of 28.92% and a return on equity of 4.76%. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities analysts forecast 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 was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 3.72%. Safehold's payout ratio is currently 47.30%.
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.
Further Reading
Want to see what other hedge funds are holding SAFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safehold Inc. (NYSE:SAFE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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