Russell Investments Group Ltd. Cuts Holdings in Safehold Inc. (NYSE:SAFE)

Russell Investments Group Ltd. trimmed its position in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 93.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,883 shares of the company's stock after selling 180,430 shares during the quarter. Russell Investments Group Ltd.'s holdings in Safehold were worth $220,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after buying an additional 1,173 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Safehold during the fourth quarter worth about $169,000. Sage Investment Counsel LLC acquired a new position in Safehold during the fourth quarter worth about $186,000. Finally, abrdn plc lifted its position in shares of Safehold by 30.6% during the 4th quarter. abrdn plc now owns 13,505 shares of the company's stock valued at $248,000 after acquiring an additional 3,166 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAFE has been the topic of a number of research reports. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Mizuho dropped their price target on Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wedbush reaffirmed a "neutral" rating and set a $20.00 price target on shares of Safehold in a research note on Monday, March 31st. The Goldman Sachs Group lowered their price objective on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Finally, Morgan Stanley cut shares of Safehold from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Safehold presently has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Safehold Trading Up 2.3 %

NYSE:SAFE traded up $0.34 on Monday, reaching $15.45. The stock had a trading volume of 271,652 shares, compared to its average volume of 396,720. Safehold Inc. has a 12-month low of $13.68 and a 12-month high of $28.80. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 10.44 and a beta of 1.63. The firm's fifty day moving average is $17.24 and its two-hundred day moving average is $18.78. 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 (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting 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. Equities analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Monday, March 31st. Safehold's dividend payout ratio (DPR) is 47.30%.

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.