43,557 Shares in Safehold Inc. (NYSE:SAFE) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Safehold Inc. (NYSE:SAFE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 43,557 shares of the company's stock, valued at approximately $805,000. Cubist Systematic Strategies LLC owned 0.06% of Safehold at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SAFE. Invesco Ltd. boosted its holdings in Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company's stock worth $11,942,000 after buying an additional 487,886 shares during the period. JPMorgan Chase & Co. boosted its holdings in Safehold by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock worth $19,424,000 after buying an additional 388,899 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Safehold by 8.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company's stock valued at $78,850,000 after purchasing an additional 336,458 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $4,209,000 after purchasing an additional 214,979 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Safehold by 410.3% in the 4th quarter. First Trust Advisors LP now owns 248,997 shares of the company's stock valued at $4,601,000 after purchasing an additional 200,204 shares during the period. 70.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SAFE has been the subject of several analyst reports. Mizuho cut their price target on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group cut their price target on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Morgan Stanley cut their price target on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Wedbush reissued a "neutral" rating and issued a $20.00 price target on shares of Safehold in a report on Monday, March 31st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Safehold has a consensus rating of "Moderate Buy" and an average price target of $25.38.

Safehold Stock Performance

Safehold stock opened at $15.19 on Thursday. The stock has a market cap of $1.09 billion, a P/E ratio of 10.26 and a beta of 1.86. The firm's fifty day moving average price is $16.63 and its 200-day moving average price is $18.09. Safehold Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $28.80. 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 (NYSE:SAFE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $97.68 million for the quarter, compared to analysts' expectations of $95.55 million. Safehold had a net margin of 28.92% and a return on equity of 4.76%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts expect that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Monday, March 31st. Safehold's payout ratio is presently 47.95%.

Safehold Company 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.

Want to see what other hedge funds are holding SAFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safehold Inc. (NYSE:SAFE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.