Aristotle Capital Boston LLC Sells 43,243 Shares of Safehold Inc. (NYSE:SAFE)

Aristotle Capital Boston LLC lessened its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,616 shares of the company's stock after selling 43,243 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.49% of Safehold worth $6,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of SAFE. Smartleaf Asset Management LLC lifted its position in shares of Safehold by 268.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock valued at $26,000 after buying an additional 1,020 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Safehold by 23.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after purchasing an additional 849 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after purchasing an additional 1,173 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Safehold in the fourth quarter worth about $169,000. Finally, Sage Investment Counsel LLC purchased a new stake in shares of Safehold in the fourth quarter worth about $186,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Safehold Trading Down 3.1 %

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

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 firm had revenue of $97.68 million during the quarter, compared to analyst estimates of $95.55 million. Safehold had a return on equity of 4.76% and a net margin of 28.92%. Safehold's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.58%. The ex-dividend date was Monday, March 31st. Safehold's dividend payout ratio is presently 47.95%.

Analyst Ratings Changes

SAFE has been the topic of a number of research reports. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research note on Monday, March 31st. Mizuho decreased their price target on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. JMP Securities reissued a "market outperform" rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Finally, Morgan Stanley decreased their target price on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Safehold currently has an average rating of "Moderate Buy" and a consensus price target of $25.25.

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.