SG Americas Securities LLC Buys 17,484 Shares of Safehold Inc. (NYSE:SAFE)

SG Americas Securities LLC lifted its position in Safehold Inc. (NYSE:SAFE - Free Report) by 265.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,071 shares of the company's stock after buying an additional 17,484 shares during the quarter. SG Americas Securities LLC's holdings in Safehold were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAFE. GAMMA Investing LLC raised its holdings in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $46,000 after buying an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company's stock valued at $47,000 after purchasing an additional 471 shares during the period. KBC Group NV increased its position in shares of Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company's stock worth $76,000 after acquiring an additional 1,275 shares in the last quarter. Vestcor Inc acquired a new stake in shares of Safehold in the 3rd quarter valued at about $110,000. Finally, FMR LLC lifted its stake in Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock valued at $153,000 after acquiring an additional 1,163 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAFE. Morgan Stanley cut Safehold from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research note on Thursday. Mizuho boosted their price objective on Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Royal Bank of Canada upped their price objective on Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Wedbush reissued a "neutral" rating and issued a $23.00 price objective (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $26.00.

Safehold Price Performance

Shares of SAFE stock traded up $1.32 during trading hours on Thursday, reaching $17.87. The company's stock had a trading volume of 535,223 shares, compared to its average volume of 539,513. Safehold Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The firm's 50 day simple moving average is $18.33 and its 200-day simple moving average is $21.79. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 10.51 and a beta of 1.66.

Safehold (NYSE:SAFE - Get Free Report) last released its 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 4.79% and a net margin of 32.08%. During the same period in the previous year, the firm earned $0.36 EPS. Sell-side analysts forecast that Safehold Inc. will post 1.57 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.96%. Safehold's dividend payout ratio (DPR) is presently 47.30%.

Safehold Company 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.