Safehold Inc. (NYSE:SAFE) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 65.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,395 shares of the company's stock after selling 393,701 shares during the period. Sei Investments Co. owned about 0.29% of Safehold worth $3,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in shares of Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares during the last quarter. Vestcor Inc acquired a new position in shares of Safehold during the 3rd quarter worth about $110,000. FMR LLC increased its holdings in shares of 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 during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Safehold by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Sage Investment Counsel LLC purchased a new stake in Safehold during the fourth quarter worth approximately $186,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAFE. JMP Securities reissued a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. Morgan Stanley cut shares of Safehold from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Mizuho decreased their price target on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday. The Goldman Sachs Group dropped their price objective on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Finally, Wedbush reissued a "neutral" rating and set a $20.00 price target on shares of Safehold in a report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Safehold currently has an average rating of "Hold" and a consensus price target of $25.00.

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Safehold Price Performance

Shares of NYSE:SAFE traded down $1.13 on Monday, reaching $16.57. 618,771 shares of the company were exchanged, compared to its average volume of 387,375. The company has a 50-day moving average of $17.78 and a 200-day moving average of $19.92. 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 market cap of $1.19 billion, a price-to-earnings ratio of 11.19 and a beta of 1.63. Safehold Inc. has a 1-year low of $15.55 and a 1-year high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last issued 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 net margin of 28.92% and a return on equity of 4.76%. During the same period in the previous year, the firm earned $0.36 earnings per share. Equities analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.27%. The ex-dividend date is Monday, March 31st. Safehold's dividend payout ratio (DPR) is 47.30%.

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.