UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 254,227 Shares of Safehold Inc. (NYSE:SAFE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 266.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 349,631 shares of the company's stock after acquiring an additional 254,227 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.49% of Safehold worth $9,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Safehold by 108.7% during 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 last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company's stock worth $47,000 after purchasing an additional 471 shares during the last quarter. KBC Group NV lifted its holdings in Safehold by 79.3% during the 3rd 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 last quarter. FMR LLC raised its holdings in 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 in the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new position in Safehold in the 3rd quarter valued at $234,000. 70.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Safehold from $38.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 1st. Mizuho lifted their price objective on Safehold from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and issued a $23.00 price objective (down from $25.00) on shares of Safehold in a report on Monday, November 4th. Royal Bank of Canada lifted their price objective on Safehold from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Raymond James raised Safehold from a "market perform" rating to an "outperform" rating and set a $34.00 price objective for the company in a report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Safehold has a consensus rating of "Moderate Buy" and an average target price of $28.22.

Safehold Price Performance

Shares of Safehold stock traded down $0.19 during trading on Monday, reaching $21.16. 206,279 shares of the company's stock were exchanged, compared to its average volume of 347,259. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. Safehold Inc. has a 1-year low of $17.91 and a 1-year high of $28.80. The company has a market cap of $1.51 billion, a P/E ratio of 12.45 and a beta of 1.66. The firm's 50-day moving average price is $22.34 and its 200 day moving average price is $22.27.

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

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.177 per share. The ex-dividend date was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 3.35%. Safehold's dividend payout ratio is currently 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.