ExodusPoint Capital Management LP Raises Stock Position in Safehold Inc. (NYSE:SAFE)

ExodusPoint Capital Management LP grew its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 141.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,286 shares of the company's stock after purchasing an additional 85,584 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.20% of Safehold worth $2,703,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in shares of Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after acquiring an additional 1,020 shares during the last quarter. Vestcor Inc acquired a new stake in Safehold during the third quarter worth about $110,000. FMR LLC increased its position in Safehold by 24.9% during the third quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after purchasing an additional 1,163 shares during the last quarter. PNC Financial Services Group Inc. raised its stake 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 purchasing an additional 1,173 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Safehold in the 4th quarter valued at about $169,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Safehold Stock Down 6.5 %

SAFE traded down $0.98 during trading hours on Friday, hitting $14.12. 1,671,266 shares of the company's stock were exchanged, compared to its average volume of 394,102. The firm has a market cap of $1.01 billion, a P/E ratio of 9.54 and a beta of 1.63. Safehold Inc. has a 12-month low of $13.68 and a 12-month high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a 50 day moving average of $17.66 and a 200 day moving average of $19.53.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the company earned $0.36 EPS. Analysts predict that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, March 31st. Safehold's payout ratio is presently 47.30%.

Analyst Ratings Changes

Several research firms have recently commented on SAFE. The Goldman Sachs Group reduced their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th. Morgan Stanley cut 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. Wedbush restated a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a report on Monday, March 31st. Finally, Mizuho dropped their price target on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.00.

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.