Douglas Lane & Associates LLC Sells 12,616 Shares of Safehold Inc. (NYSE:SAFE)

Douglas Lane & Associates LLC cut its holdings in shares of Safehold Inc. (NYSE:SAFE) by 57.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,306 shares of the company’s stock after selling 12,616 shares during the period. Douglas Lane & Associates LLC’s holdings in Safehold were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Safehold by 20.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 572,894 shares of the company’s stock valued at $10,198,000 after purchasing an additional 97,166 shares in the last quarter. Monashee Investment Management LLC bought a new stake in Safehold during the third quarter worth about $3,480,000. Jump Financial LLC bought a new stake in Safehold during the third quarter worth about $884,000. Janney Montgomery Scott LLC bought a new stake in Safehold during the third quarter worth about $1,322,000. Finally, Russell Investments Group Ltd. raised its holdings in Safehold by 425.0% during the second quarter. Russell Investments Group Ltd. now owns 60,439 shares of the company’s stock worth $1,434,000 after acquiring an additional 48,926 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAFE. Mizuho dropped their target price on Safehold from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Jefferies Financial Group assumed coverage on Safehold in a research report on Thursday, January 4th. They set a “buy” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Tuesday, February 13th. JMP Securities started coverage on Safehold in a report on Tuesday, January 23rd. They set an “outperform” rating and a $35.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Safehold has a consensus rating of “Moderate Buy” and a consensus price target of $29.80.

Safehold Stock Performance

Shares of Safehold stock opened at $19.84 on Wednesday. Safehold Inc. has a one year low of $15.00 and a one year high of $30.29. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -24.49 and a beta of 1.46. The business has a 50-day simple moving average of $20.44 and a 200 day simple moving average of $19.75. The company has a debt-to-equity ratio of 1.78, a current ratio of 36.61 and a quick ratio of 36.61.

Safehold (NYSE:SAFE) last issued its earnings results on Monday, February 12th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $103.00 million during the quarter, compared to analyst estimates of $84.89 million. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($6.00) EPS. On average, research analysts anticipate that Safehold Inc. will post 1.52 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Wednesday, March 27th. Safehold’s dividend payout ratio is currently -87.65%.

Safehold 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.