Victory Capital Management Inc. Takes $639,000 Position in Safehold Inc. (NYSE:SAFE)

Victory Capital Management Inc. purchased a new position in Safehold Inc. (NYSE:SAFE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,366 shares of the company's stock, valued at approximately $639,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Safehold by 108.7% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock valued at $46,000 after buying an additional 920 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Safehold by 35.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company's stock valued at $47,000 after buying an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Safehold during the second quarter valued at about $204,000. Quest Partners LLC bought a new position in Safehold during the second quarter valued at about $225,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Safehold during the third quarter valued at $234,000. Institutional investors own 70.38% of the company's stock.

Safehold Stock Up 0.2 %

Shares of SAFE traded up $0.04 during midday trading on Friday, reaching $21.36. 228,516 shares of the stock were exchanged, compared to its average volume of 348,552. Safehold Inc. has a 12-month low of $17.91 and a 12-month high of $28.80. The firm has a 50 day simple moving average of $23.11 and a 200-day simple moving average of $22.20. 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 company has a market cap of $1.53 billion, a price-to-earnings ratio of 12.54 and a beta of 1.68.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The company had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. During the same period last year, the business earned $0.33 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. Research analysts forecast 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. Stockholders of record on Monday, September 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Monday, September 30th. Safehold's dividend payout ratio (DPR) is presently 41.76%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SAFE shares. Wedbush reaffirmed a "neutral" rating and set a $23.00 target price (down from $25.00) on shares of Safehold in a report on Monday, November 4th. The Goldman Sachs Group reduced their target price on Safehold from $38.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 1st. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 target price on shares of Safehold in a report on Tuesday, October 29th. Truist Financial upped their target price on Safehold from $21.00 to $22.00 and gave the company a "hold" rating in a report on Monday, August 5th. Finally, Mizuho increased their price objective on Safehold from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note 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's stock. According to MarketBeat.com, Safehold presently has an average rating of "Moderate Buy" and an average price target of $28.22.

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.