Thrivent Financial for Lutherans Decreases Stake in Safehold Inc. (NYSE:SAFE)

Thrivent Financial for Lutherans reduced its stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 30.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 62,363 shares of the company's stock after selling 27,633 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of Safehold worth $1,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Safehold by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock valued at $17,369,000 after purchasing an additional 91,965 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company's stock worth $18,039,000 after buying an additional 39,320 shares during the period. Barclays PLC lifted its stake in shares of Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock valued at $2,254,000 after acquiring an additional 65,370 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Safehold by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock valued at $32,734,000 after acquiring an additional 38,074 shares during the period. Finally, SG Americas Securities LLC grew its position in Safehold by 265.4% during the 4th quarter. SG Americas Securities LLC now owns 24,071 shares of the company's stock worth $445,000 after acquiring an additional 17,484 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Stock Down 0.5 %

NYSE:SAFE traded down $0.10 during mid-day trading on Friday, hitting $17.71. 929,285 shares of the company's stock were exchanged, compared to its average volume of 386,449. The company has a market cap of $1.27 billion, a PE ratio of 11.97 and a beta of 1.62. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80. The business has a fifty day moving average price of $17.79 and a 200 day moving average price of $20.06.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the prior year, the company posted $0.36 EPS. Equities analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. The ex-dividend date is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.00%. Safehold's dividend payout ratio is currently 47.30%.

Analyst Ratings Changes

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

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.