American Century Companies Inc. Increases Position in Safehold Inc. (NYSE:SAFE)

American Century Companies Inc. raised its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,515,743 shares of the company's stock after buying an additional 150,976 shares during the period. American Century Companies Inc. owned 2.12% of Safehold worth $28,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Safehold by 0.4% in the 4th quarter. Rhumbline Advisers now owns 163,179 shares of the company's stock valued at $3,016,000 after buying an additional 663 shares during the last quarter. Daiwa Securities Group Inc. raised 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 worth $391,000 after purchasing an additional 823 shares during the last quarter. M&T Bank Corp lifted its holdings in Safehold by 3.4% during the 4th quarter. M&T Bank Corp now owns 27,520 shares of the company's stock worth $509,000 after buying an additional 899 shares during the period. Corient Private Wealth LLC grew its position in shares of Safehold by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 14,260 shares of the company's stock valued at $264,000 after buying an additional 924 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock valued at $26,000 after buying an additional 1,020 shares during the period. Institutional investors own 70.38% of the company's stock.

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Safehold Stock Up 0.4 %

Shares of Safehold stock traded up $0.07 during trading hours on Wednesday, reaching $18.36. The company's stock had a trading volume of 209,669 shares, compared to its average volume of 383,484. The company has a market capitalization of $1.31 billion, a P/E ratio of 12.41 and a beta of 1.62. The stock's fifty day simple moving average is $17.72 and its two-hundred day simple moving average is $20.18. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting 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 quarter in the prior year, the company posted $0.36 earnings per share. On average, research analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, March 31st. Safehold's dividend payout ratio (DPR) is presently 47.30%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wedbush reiterated a "neutral" rating and issued a $20.00 target price on shares of Safehold in a report on Monday. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Morgan Stanley downgraded 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 report on Wednesday, January 15th. Finally, The Goldman Sachs Group cut their price target on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Five 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.67.

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.