Renaissance Technologies LLC purchased a new position in Safehold Inc. (NYSE:SAFE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,762 shares of the company's stock, valued at approximately $3,414,000. Renaissance Technologies LLC owned 0.26% of Safehold as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of Safehold by 6.2% during the 3rd quarter. Jane Street Group LLC now owns 44,910 shares of the company's stock valued at $1,178,000 after acquiring an additional 2,632 shares during the last quarter. Barclays PLC increased its holdings in shares of Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock worth $2,254,000 after buying an additional 65,370 shares during the last quarter. Geode Capital Management LLC raised its position 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 buying an additional 38,074 shares in the last quarter. Tidal Investments LLC purchased a new position in Safehold in the third quarter worth $370,000. Finally, Franklin Resources Inc. raised its holdings in shares of Safehold by 17.5% during the 3rd quarter. Franklin Resources Inc. now owns 16,631 shares of the company's stock valued at $407,000 after buying an additional 2,472 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on SAFE shares. Morgan Stanley downgraded shares of Safehold from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Mizuho reduced their price objective on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wedbush reissued a "neutral" rating and issued a $20.00 target price on shares of Safehold in a research note on Monday, March 31st. The Goldman Sachs Group decreased their price target on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Safehold has a consensus rating of "Moderate Buy" and an average price target of $25.50.
Check Out Our Latest Stock Report on Safehold
Safehold Price Performance
SAFE stock opened at $14.99 on Wednesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. Safehold Inc. has a 1 year low of $13.68 and a 1 year high of $28.80. The firm has a 50-day moving average of $17.35 and a 200 day moving average of $19.01. The company has a market cap of $1.07 billion, a P/E ratio of 10.13 and a beta of 1.63.
Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the firm earned $0.36 EPS. On average, sell-side analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.
Safehold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.72%. Safehold's dividend payout ratio (DPR) is currently 47.30%.
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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