Allspring Global Investments Holdings LLC Acquires 214,979 Shares of Safehold Inc. (NYSE:SAFE)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 1,683.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,750 shares of the company's stock after acquiring an additional 214,979 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.32% of Safehold worth $4,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAFE. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company's stock worth $47,000 after acquiring an additional 471 shares during the period. KBC Group NV boosted its stake in shares of 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 acquiring an additional 1,275 shares during the period. Vestcor Inc bought a new position in shares of Safehold during the 3rd quarter worth approximately $110,000. FMR LLC boosted its stake in shares of Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after acquiring an additional 1,163 shares during the period. Finally, First Trust Direct Indexing L.P. bought a new position in shares of Safehold during the 3rd quarter worth approximately $234,000. 70.38% of the stock is currently owned by institutional investors.

Safehold Stock Performance

NYSE SAFE remained flat at $16.81 during midday trading on Friday. The company's stock had a trading volume of 366,629 shares, compared to its average volume of 402,792. The stock has a market cap of $1.20 billion, a P/E ratio of 11.36 and a beta of 1.66. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The business has a fifty day moving average of $17.48 and a 200-day moving average of $21.36. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data 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 period in the previous year, the firm posted $0.36 earnings per share. On average, equities analysts anticipate that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 annualized dividend and a yield of 4.21%. Safehold's dividend payout ratio is presently 47.97%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SAFE shares. Morgan Stanley cut Safehold from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Mizuho lifted their price target on Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Wedbush reissued a "neutral" rating and set a $19.00 price target (down from $20.00) on shares of Safehold in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price target on Safehold from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Safehold currently has a consensus rating of "Hold" and an average target price of $25.56.

Safehold Profile

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.