Anson Funds Management LP Boosts Stake in Safehold Inc. (NYSE:SAFE)

Anson Funds Management LP increased its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,775 shares of the company's stock after buying an additional 39,229 shares during the period. Anson Funds Management LP owned 0.22% of Safehold worth $2,897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock worth $17,369,000 after acquiring an additional 91,965 shares during the period. Barclays PLC boosted its stake in shares of Safehold by 317.9% during the third 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 in the last quarter. SG Americas Securities LLC increased its holdings in Safehold by 265.4% during the fourth quarter. SG Americas Securities LLC now owns 24,071 shares of the company's stock valued at $445,000 after buying an additional 17,484 shares during the period. Proficio Capital Partners LLC bought a new position in Safehold in the fourth quarter worth approximately $306,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Safehold by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company's stock worth $13,251,000 after buying an additional 29,348 shares during the period. Institutional investors own 70.38% of the company's stock.

Analyst Ratings Changes

SAFE has been the topic of a number of recent research reports. Wedbush reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Safehold in a research report on Monday, March 31st. Morgan Stanley reduced their price target on Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Mizuho reduced their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.25.

Safehold Trading Down 3.1 %

Shares of SAFE traded down $0.50 during mid-day trading on Thursday, reaching $15.46. The stock had a trading volume of 248,513 shares, compared to its average volume of 399,701. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 10.45 and a beta of 1.86. Safehold Inc. has a 52-week low of $13.68 and a 52-week high of $28.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The business's fifty day moving average is $16.94 and its 200 day moving average is $18.36.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (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 analyst estimates of $95.55 million. Safehold had a net margin of 28.92% and a return on equity of 4.76%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, sell-side analysts predict that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The business 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 dividend yield of 4.58%. The ex-dividend date was Monday, March 31st. Safehold's dividend payout ratio (DPR) is 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.