Cubist Systematic Strategies LLC Makes New Investment in Safehold Inc. (NYSE:SAFE)

Cubist Systematic Strategies LLC acquired a new stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,557 shares of the company's stock, valued at approximately $805,000. Cubist Systematic Strategies LLC owned 0.06% of Safehold as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of SAFE. Barclays PLC grew its position 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 purchasing an additional 65,370 shares during the period. SG Americas Securities LLC raised its holdings in shares of Safehold by 265.4% during the fourth quarter. SG Americas Securities LLC now owns 24,071 shares of the company's stock worth $445,000 after acquiring an additional 17,484 shares during the period. Proficio Capital Partners LLC bought a new stake in Safehold in the 4th quarter valued at $306,000. Charles Schwab Investment Management Inc. boosted its stake in Safehold by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company's stock worth $13,251,000 after purchasing an additional 29,348 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Safehold by 1,683.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company's stock worth $4,209,000 after purchasing an additional 214,979 shares during the period. Institutional investors own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

SAFE has been the topic of a number of research reports. Morgan Stanley cut their price target on Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. The Goldman Sachs Group dropped their target price on Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Truist Financial cut their target price on Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday. Mizuho lowered their price objective on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Wedbush restated a "neutral" rating and set a $20.00 target price on shares of Safehold in a report on Monday, March 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $23.50.

Safehold Stock Performance

Safehold stock traded up $0.04 during midday trading on Tuesday, reaching $15.65. 47,317 shares of the company's stock were exchanged, compared to its average volume of 400,249. The stock's 50-day simple moving average is $16.42 and its 200 day simple moving average is $17.89. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.56 and a beta of 1.86. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. Safehold Inc. has a 52 week low of $13.68 and a 52 week high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $97.68 million during the quarter, compared to analysts' expectations of $95.55 million. Safehold had a return on equity of 4.76% and a net margin of 28.92%. The business's revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. On average, analysts expect that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.177 per share. The ex-dividend date was Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 4.52%. Safehold's dividend payout ratio (DPR) is presently 47.95%.

About Safehold

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.