Steward Partners Investment Advisory LLC boosted its stake in shares of Safehold Inc. (NYSE:SAFE – Get Rating) by 34.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,910 shares of the company’s stock after buying an additional 485 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Safehold were worth $106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Safehold by 7.0% in the fourth quarter. Rhumbline Advisers now owns 45,927 shares of the company’s stock valued at $3,667,000 after purchasing an additional 3,010 shares during the period. Addison Capital Co raised its position in Safehold by 4.9% in the first quarter. Addison Capital Co now owns 197,594 shares of the company’s stock valued at $10,957,000 after purchasing an additional 9,232 shares during the period. Maryland State Retirement & Pension System raised its position in Safehold by 7.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,637 shares of the company’s stock valued at $450,000 after purchasing an additional 391 shares during the period. Texas Permanent School Fund raised its position in Safehold by 3.8% in the fourth quarter. Texas Permanent School Fund now owns 10,239 shares of the company’s stock valued at $818,000 after purchasing an additional 377 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Safehold in the fourth quarter valued at $240,000. Institutional investors and hedge funds own 25.61% of the company’s stock.
Safehold Price Performance
Shares of NYSE SAFE opened at $40.95 on Wednesday. The stock’s 50-day moving average is $39.59 and its two-hundred day moving average is $49.24. Safehold Inc. has a 1-year low of $33.61 and a 1-year high of $95.29. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 27.86 and a beta of 0.31.
Safehold Increases Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. B. Riley reduced their target price on Safehold from $110.00 to $80.00 in a research report on Tuesday, April 26th. Truist Financial cut their price objective on Safehold from $68.00 to $46.00 and set a “na” rating on the stock in a report on Monday, May 16th. JPMorgan Chase & Co. cut their price objective on Safehold from $66.00 to $52.00 in a report on Wednesday, May 18th. Morgan Stanley cut their price objective on Safehold from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Finally, TheStreet downgraded Safehold from a “b-” rating to a “c+” rating in a report on Monday, April 18th.
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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.
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