Safehold Inc. (NYSE:SAFE) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in Safehold Inc. (NYSE:SAFEFree Report) by 265.4% in the fourth quarter, HoldingsChannel reports. The fund owned 24,071 shares of the company’s stock after purchasing an additional 17,484 shares during the quarter. SG Americas Securities LLC’s holdings in Safehold were worth $445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Safehold by 35.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Safehold by 5.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after buying an additional 823 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after buying an additional 920 shares during the period. FMR LLC grew its holdings in Safehold by 24.9% during the third quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after acquiring an additional 1,163 shares during the period. Finally, KBC Group NV grew its holdings in Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after acquiring an additional 1,275 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Safehold Stock Performance

Shares of Safehold stock opened at $16.22 on Monday. The stock has a market cap of $1.16 billion, a PE ratio of 9.54 and a beta of 1.67. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. The business has a fifty day simple moving average of $18.68 and a 200-day simple moving average of $21.93.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.177 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.37%. Safehold’s dividend payout ratio is 41.18%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SAFE shares. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group decreased their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a report on Tuesday, October 29th. Royal Bank of Canada raised their price objective on Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $23.00 target price (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Read Our Latest Research Report on SAFE

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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Institutional Ownership by Quarter for Safehold (NYSE:SAFE)

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