109,952 Shares in Safehold Inc. $SAFE Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 109,952 Safehold shares worth approximately $1.73 million in the second quarter, while several other institutions also initiated positions. Institutional investors collectively own 70.38% of the company.
• Analyst sentiment remains cautious: Safehold has an average rating of “Hold” and a consensus price target of $17.17, despite Goldman Sachs maintaining a “Buy” rating while lowering its target to $23.
• Safehold reported quarterly EPS of $0.42, in line with estimates, and revenue of $114.65 million, ahead of expectations. The stock opened at $15.36, and the company’s quarterly dividend equates to an annualized $0.71 per share and a 4.6% yield.

Hsbc Holdings PLC acquired a new position in Safehold Inc. (NYSE:SAFE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 109,952 shares of the company's stock, valued at approximately $1,726,000. Hsbc Holdings PLC owned 0.16% of Safehold at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of Safehold in the 2nd quarter worth approximately $4,603,000. The Manufacturers Life Insurance Company purchased a new stake in Safehold in the second quarter worth $245,000. Infrastructure Capital Advisors LLC purchased a new stake in Safehold in the second quarter worth $1,138,000. Ieq Capital LLC bought a new position in Safehold in the second quarter worth $345,000. Finally, Denali Advisors LLC purchased a new position in Safehold during the second quarter valued at $4,861,000. 70.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on SAFE shares. The Goldman Sachs Group decreased their price target on shares of Safehold from $27.00 to $23.00 and set a "buy" rating for the company in a research note on Friday, May 15th. Raymond James Financial began coverage on shares of Safehold in a research note on Wednesday, August 19th. They set a "market perform" rating for the company. Cantor Fitzgerald reissued a "neutral" rating on shares of Safehold in a research report on Tuesday, August 4th. Weiss Ratings upgraded Safehold from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Safehold from a "sell" rating to a "hold" rating in a research note on Saturday, July 4th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $17.17.

Safehold Stock Down 0.1%

Shares of Safehold stock opened at $15.36 on Monday. The company has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $15.38. The stock has a market capitalization of $1.09 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 4.58 and a beta of 1.75. Safehold Inc. has a 52-week low of $12.76 and a 52-week high of $17.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Safehold had a net margin of 27.70% and a return on equity of 4.76%. The firm had revenue of $114.65 million for the quarter, compared to analysts' expectations of $110.78 million. On average, analysts anticipate that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, June 30th. Safehold's dividend payout ratio (DPR) is currently 43.83%.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.

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