Safehold Inc. (NYSE:SAFE) Stock Holdings Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Safehold Inc. (NYSE:SAFEFree Report) by 5.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 241,164 shares of the company’s stock after buying an additional 13,371 shares during the quarter. Principal Financial Group Inc.’s holdings in Safehold were worth $4,293,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SAFE. BlackRock Inc. lifted its position in shares of Safehold by 51.4% in the first quarter. BlackRock Inc. now owns 7,325,064 shares of the company’s stock worth $211,511,000 after purchasing an additional 2,487,183 shares in the last quarter. Long Pond Capital LP increased its holdings in Safehold by 26.9% in the second quarter. Long Pond Capital LP now owns 4,135,495 shares of the company’s stock worth $98,135,000 after buying an additional 876,136 shares during the last quarter. Vanguard Group Inc. increased its holdings in Safehold by 5.8% in the third quarter. Vanguard Group Inc. now owns 2,971,042 shares of the company’s stock worth $78,614,000 after buying an additional 161,767 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Safehold by 24.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,241,562 shares of the company’s stock worth $64,154,000 after buying an additional 443,049 shares during the last quarter. Finally, State Street Corp increased its holdings in Safehold by 43.9% in the first quarter. State Street Corp now owns 2,114,552 shares of the company’s stock worth $62,104,000 after buying an additional 645,322 shares during the last quarter. 71.44% of the stock is owned by hedge funds and other institutional investors.

Safehold Stock Performance

Shares of NYSE:SAFE opened at $20.23 on Thursday. Safehold Inc. has a twelve month low of $15.00 and a twelve month high of $34.62. The firm has a market cap of $1.44 billion, a PE ratio of -2.65 and a beta of 1.46. The company has a debt-to-equity ratio of 1.71, a quick ratio of 38.91 and a current ratio of 38.91. The business has a fifty day moving average of $21.80 and a 200-day moving average of $20.03.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.177 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.50%. Safehold’s dividend payout ratio (DPR) is presently -9.29%.

Analyst Ratings Changes

SAFE has been the topic of several analyst reports. Royal Bank of Canada lowered their price target on Safehold from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Tuesday, November 7th. Jefferies Financial Group initiated coverage on Safehold in a report on Thursday, January 4th. They set a “buy” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Safehold from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, December 28th. TheStreet downgraded Safehold from a “c-” rating to a “d” rating in a report on Wednesday, November 1st. Finally, The Goldman Sachs Group raised their price objective on shares of Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Read Our Latest Research Report on SAFE

Safehold Company Profile

(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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Institutional Ownership by Quarter for Safehold (NYSE:SAFE)

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