Systematic Financial Management LP Purchases Shares of 43,075 Safehold Inc. (NYSE:SAFE)

Systematic Financial Management LP purchased a new position in shares of Safehold Inc. (NYSE:SAFE - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 43,075 shares of the company's stock, valued at approximately $1,130,000. Systematic Financial Management LP owned about 0.06% of Safehold at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SAFE. Price T Rowe Associates Inc. MD grew its position in Safehold by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,835 shares of the company's stock worth $801,000 after acquiring an additional 1,731 shares during the last quarter. Bank of New York Mellon Corp grew its position in Safehold by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company's stock worth $9,080,000 after acquiring an additional 34,404 shares during the last quarter. Breakwater Capital Group boosted its position in Safehold by 14.2% in the 2nd quarter. Breakwater Capital Group now owns 12,477 shares of the company's stock valued at $241,000 after buying an additional 1,550 shares during the last quarter. Peregrine Capital Management LLC boosted its position in Safehold by 10.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 385,858 shares of the company's stock valued at $7,443,000 after buying an additional 35,046 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Safehold in the 2nd quarter valued at $204,000. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SAFE has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Safehold from $38.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price objective on shares of Safehold in a research report on Tuesday, October 29th. Raymond James upgraded Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price objective on the stock in a research report on Thursday, September 19th. Wedbush reiterated a "neutral" rating and issued a $23.00 price objective (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. Finally, Mizuho increased their price objective on Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Safehold presently has an average rating of "Moderate Buy" and a consensus target price of $28.22.

Safehold Trading Down 0.5 %

Shares of NYSE:SAFE traded down $0.10 during midday trading on Friday, hitting $21.35. The company had a trading volume of 387,384 shares, compared to its average volume of 347,857. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 12.56 and a beta of 1.66. Safehold Inc. has a 12 month low of $17.91 and a 12 month high of $28.80. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. The firm has a fifty day simple moving average of $22.45 and a 200 day simple moving average of $22.23.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $90.70 million for the quarter, compared to the consensus estimate of $89.45 million. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. On average, analysts predict that Safehold Inc. will post 1.56 EPS for the current year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Monday, September 30th. Safehold's dividend payout ratio is 41.76%.

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.