34,478 Shares in Safehold Inc. (NYSE:SAFE) Purchased by Tilson Financial Group Inc.

Tilson Financial Group Inc. bought a new stake in Safehold Inc. (NYSE:SAFE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,478 shares of the company's stock, valued at approximately $640,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its holdings in shares of Safehold by 10.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 204,132 shares of the company's stock worth $5,354,000 after purchasing an additional 20,000 shares during the last quarter. Versor Investments LP bought a new stake in Safehold during the 3rd quarter worth approximately $416,000. Sumitomo Mitsui Trust Group Inc. increased its position in Safehold by 8.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 51,190 shares of the company's stock valued at $1,343,000 after acquiring an additional 3,812 shares during the period. Victory Capital Management Inc. bought a new position in shares of Safehold during the third quarter valued at $639,000. Finally, KBC Group NV lifted its holdings 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 during the period. Institutional investors own 70.38% of the company's stock.

Safehold Trading Down 1.1 %

SAFE stock traded down $0.21 during mid-day trading on Thursday, reaching $18.62. The company's stock had a trading volume of 531,212 shares, compared to its average volume of 359,841. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. 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 business's 50 day moving average price is $17.27 and its 200 day moving average price is $20.88. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.58 and a beta of 1.75.

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

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, December 30th. Safehold's dividend payout ratio (DPR) is currently 47.30%.

Analyst Upgrades and Downgrades

SAFE has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th. Morgan Stanley lowered Safehold from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Finally, Wedbush reiterated a "neutral" rating and issued a $19.00 target price (down from $20.00) on shares of Safehold in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $25.56.

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.