Safehold Inc. (NYSE:SAFE) Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,266,769 shares of the company's stock after purchasing an additional 336,458 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 5.97% of Safehold worth $78,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAFE. Smartleaf Asset Management LLC boosted its position in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after buying an additional 1,020 shares during the period. Tower Research Capital LLC TRC increased its stake in Safehold by 23.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock worth $83,000 after purchasing an additional 849 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Safehold by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after purchasing an additional 1,173 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Safehold in the fourth quarter valued at approximately $169,000. Finally, Sage Investment Counsel LLC acquired a new stake in Safehold during the 4th quarter worth approximately $186,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Safehold Stock Performance

SAFE traded up $0.07 during trading on Wednesday, reaching $15.69. The company's stock had a trading volume of 175,315 shares, compared to its average volume of 396,051. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.60 and a beta of 1.63. The company's fifty day moving average price is $17.19 and its 200-day moving average price is $18.69. Safehold Inc. has a 52-week low of $13.68 and a 52-week 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 announced 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 firm earned $0.36 EPS. On average, equities analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.177 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.51%. Safehold's dividend payout ratio is presently 47.30%.

Wall Street Analyst Weigh In

SAFE has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their target price on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Morgan Stanley decreased their price objective on Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a research note on Tuesday. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research report on Monday, March 31st. Finally, Mizuho lowered their target price on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Safehold currently has an average rating of "Moderate Buy" and a consensus target price of $25.25.

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.