16,529 Shares in Safehold Inc. $SAFE Acquired by Abel Hall LLC

Key Points

• Abel Hall LLC acquired 16,529 shares of Safehold Inc. during the 2nd quarter, valued at approximately $257,000, while multiple other large investors significantly increased their stakes in the company.
• Safehold recently reported $0.39 EPS for the last quarter, matching analyst expectations, and reported revenue up 4.3% compared to the prior year.
• The company declared a quarterly dividend of $0.177 per share, effective October 15th, yielding an annualized return of 4.6%.

Abel Hall LLC bought a new position in shares of Safehold Inc. (NYSE:SAFE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,529 shares of the company's stock, valued at approximately $257,000.

Several other large investors have also added to or reduced their stakes in SAFE. 1832 Asset Management L.P. acquired a new stake in Safehold during the first quarter worth approximately $6,552,000. Point72 Europe London LLP acquired a new stake in Safehold during the first quarter worth approximately $6,201,000. Nuveen LLC acquired a new stake in Safehold during the first quarter worth approximately $4,086,000. HGI Capital Management LLC acquired a new stake in Safehold during the first quarter worth approximately $3,683,000. Finally, AQR Capital Management LLC grew its stake in Safehold by 1,106.2% during the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company's stock worth $3,660,000 after purchasing an additional 179,319 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Analyst Ratings Changes

SAFE has been the subject of several recent analyst reports. Cantor Fitzgerald set a $17.00 target price on Safehold and gave the stock a "neutral" rating in a research note on Wednesday, October 1st. JMP Securities cut their price target on Safehold from $32.00 to $28.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price target on Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Truist Financial cut their price target on Safehold from $18.00 to $16.00 and set a "hold" rating on the stock in a report on Thursday, September 11th. Finally, Mizuho increased their price target on Safehold from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Safehold presently has an average rating of "Hold" and a consensus target price of $19.89.

Safehold Trading Up 2.9%

Shares of Safehold stock opened at $15.45 on Thursday. The stock has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $15.59. Safehold Inc. has a 12-month low of $13.43 and a 12-month high of $25.36. The company has a market capitalization of $1.11 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.85. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The business had revenue of $93.84 million during the quarter, compared to the consensus estimate of $94.05 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Safehold's revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.177 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.71 annualized dividend and a yield of 4.6%. Safehold's dividend payout ratio is 49.65%.

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.

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.