2 weeks Ago By ABMN Staff
Intech Investment Management LLC bought a new position in shares of Safehold Inc. ( NYSE:SAFE – Free Report ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,311 shares of the company’s stock, valued at approximately $237,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Safehold by 49.3% in the first quarter.
GAMMA Investing LLC now owns 2,126 shares of the company’s stock valued at $44,000 after purchasing an additional 702 shares in the last quarter. Roble Belko & Company Inc acquired a new position in Safehold in the first quarter valued at about $45,000. PNC Financial Services Group Inc.
raised its stake in Safehold by 65.6% in the fourth quarter. PNC Financial Services Group Inc.
now owns 7,488 shares of the company’s stock valued at $175,000 after purchasing an additional 2,965 shares in the last quarter. ProShare Advisors LLC raised its stake in Safehold by 7.5% in the first quarter.
ProShare Advisors LLC now owns 9,728 shares of the company’s stock valued at $200,000 after purchasing an additional 676 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Safehold in the second quarter valued at about $204,000. Institutional investors and hedge funds own 70.
38% of the company’s stock. Safehold Stock Performance Shares of SAFE stock opened at $26.31 on Friday.
The stock has a market capitalization of $1.88 billion, a PE ratio of -58.47 and a beta of 1.
65. Safehold Inc. has a one year low of $15.
00 and a one year high of $28.80. The business’s 50 day simple moving average is $24.
52 and its 200 day simple moving average is $21.26. The company has a debt-to-equity ratio of 1.
76, a current ratio of 38.83 and a quick ratio of 38.83.
Safehold Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.177 per share.
This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.69%.
The ex-dividend date is Monday, September 30th. Safehold’s payout ratio is -155.56%.
Wall Street Analysts Forecast Growth Several brokerages have commented on SAFE. Raymond James raised Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Thursday, September 19th.
Truist Financial boosted their target price on Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 5th.
Wedbush boosted their target price on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st.
Finally, The Goldman Sachs Group boosted their target price on Safehold from $25.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th.
Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Safehold currently has an average rating of “Moderate Buy” and a consensus price target of $28.
56. Read Our Latest Stock Report on Safehold About Safehold ( Free Report ) 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.
Read More Receive News & Ratings for Safehold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safehold and related companies with MarketBeat.com's FREE daily email newsletter ..
