Charles Schwab Investment Management Inc. raised its position in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 717,066 shares of the company's stock after purchasing an additional 29,348 shares during the period. Charles Schwab Investment Management Inc. owned 1.00% of Safehold worth $13,251,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in Safehold in the third quarter worth about $639,000. KBC Group NV boosted its holdings in 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 buying an additional 1,275 shares in the last quarter. Natixis Advisors LLC grew its position in Safehold by 2.9% in the third quarter. Natixis Advisors LLC now owns 70,503 shares of the company's stock worth $1,849,000 after buying an additional 2,011 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Safehold by 140.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 89,996 shares of the company's stock worth $2,361,000 after acquiring an additional 52,636 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Safehold by 76.4% during the third quarter. Intech Investment Management LLC now owns 21,711 shares of the company's stock valued at $569,000 after purchasing an additional 9,400 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on SAFE shares. Morgan Stanley lowered Safehold from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Wedbush reiterated a "neutral" rating and issued a $19.00 target price (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $25.56.
Get Our Latest Stock Analysis on Safehold
Safehold Trading Down 2.9 %
SAFE traded down $0.53 during mid-day trading on Tuesday, reaching $17.86. The stock had a trading volume of 501,699 shares, compared to its average volume of 355,402. The stock has a market capitalization of $1.28 billion, a P/E ratio of 12.07 and a beta of 1.75. Safehold Inc. has a 52 week low of $15.55 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. The firm's fifty day simple moving average is $17.52 and its two-hundred day simple moving average is $20.50.
Safehold (NYSE:SAFE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter last year, the firm posted $0.36 earnings per share. On average, equities analysts predict that Safehold Inc. will post 1.58 EPS for the current year.
Safehold Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.177 per share. The ex-dividend date is Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 3.96%. Safehold's payout ratio is currently 47.30%.
Safehold Profile
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Free Report)
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.
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