1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its holdings in Safehold Inc. ( NYSE:SAFE – Free Report ) by 58.
7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,051,078 shares of the company’s stock after acquiring an additional 388,899 shares during the quarter. JPMorgan Chase & Co.
’s holdings in Safehold were worth $19,424,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Safehold by 24.
9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after purchasing an additional 1,163 shares during the last quarter. State Street Corp boosted its holdings in Safehold by 2.
0% during the third quarter. State Street Corp now owns 2,618,033 shares of the company’s stock worth $69,131,000 after buying an additional 51,035 shares during the last quarter. Jane Street Group LLC grew its position in shares of Safehold by 6.
2% during the 3rd quarter. Jane Street Group LLC now owns 44,910 shares of the company’s stock worth $1,178,000 after buying an additional 2,632 shares during the period. Barclays PLC increased 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. Finally, Vestcor Inc acquired a new stake in shares of Safehold in the 3rd quarter valued at approximately $110,000.
Institutional investors and hedge funds own 70.38% of the company’s stock. Safehold Stock Down 5.
4 % Shares of SAFE stock opened at $15.07 on Friday. The firm’s fifty day moving average price is $17.
71 and its two-hundred day moving average price is $19.62. Safehold Inc.
has a 1 year low of $14.24 and a 1 year 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 firm has a market capitalization of $1.08 billion, a P/E ratio of 10.
18 and a beta of 1.63. Safehold Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Investors of record on Monday, March 31st will be paid a $0.177 dividend. The ex-dividend date is Monday, March 31st.
This represents a $0.71 annualized dividend and a dividend yield of 4.70%.
Safehold’s dividend payout ratio is presently 47.30%. Wall Street Analyst Weigh In Several brokerages have commented on SAFE.
The Goldman Sachs Group lowered their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th.
Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th.
Mizuho cut their price objective on Safehold from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd.
Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Safehold in a research note on Monday, March 31st. Finally, 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Safehold currently has an average rating of “Hold” and a consensus target price of $25.
00. View Our Latest Research 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.
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