Safehold Inc. (NYSE:SAFE) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 140.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,996 shares of the company's stock after purchasing an additional 52,636 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of Safehold worth $2,361,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Safehold by 108.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $46,000 after purchasing an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 acquiring 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 purchasing an additional 1,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Safehold during the 2nd quarter valued at $204,000. Finally, Quest Partners LLC purchased a new stake in shares of Safehold during the 2nd quarter valued at $225,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SAFE shares. The Goldman Sachs Group reduced their target price 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 set a $35.00 price target on shares of Safehold in a research note on Tuesday, October 29th. Truist Financial increased their price objective on Safehold from $21.00 to $22.00 and gave the company a "hold" rating in a report on Monday, August 5th. Wedbush reaffirmed a "neutral" rating and set a $23.00 target price (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th. Finally, Mizuho increased their price target on shares of Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.22.

Safehold Stock Performance

Shares of NYSE SAFE traded up $0.68 during midday trading on Thursday, reaching $21.32. 268,253 shares of the stock were exchanged, compared to its average volume of 349,075. 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 firm has a market cap of $1.52 billion, a price-to-earnings ratio of 12.54 and a beta of 1.68. The firm has a 50-day simple moving average of $23.23 and a two-hundred day simple moving average of $22.21. Safehold Inc. has a twelve month low of $17.91 and a twelve month high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. As a group, analysts anticipate that Safehold Inc. will post 1.56 EPS for the current fiscal year.

Safehold Announces Dividend

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

Safehold 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.