BNP Paribas Financial Markets purchased a new stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 96,394 shares of the company's stock, valued at approximately $1,781,000. BNP Paribas Financial Markets owned 0.13% of Safehold at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after buying an additional 849 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Safehold by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after buying an additional 1,173 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Safehold during the 4th quarter worth $169,000. Finally, Sage Investment Counsel LLC purchased a new stake in shares of Safehold in the 4th quarter worth about $186,000. Hedge funds and other institutional investors own 70.38% of the company's stock.
Analyst Upgrades and Downgrades
SAFE has been the subject of several recent research reports. Royal Bank of Canada dropped their target price on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Monday. Wedbush reissued a "neutral" rating and set a $20.00 price objective on shares of Safehold in a research note on Monday, March 31st. Mizuho cut their price objective on Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley lowered their target price on Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group dropped their price target on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $23.50.
Read Our Latest Stock Report on SAFE
Safehold Trading Down 4.7%
Shares of NYSE:SAFE traded down $0.72 during trading on Wednesday, reaching $14.76. 353,839 shares of the stock were exchanged, compared to its average volume of 401,050. The firm's 50-day moving average price is $16.36 and its 200 day moving average price is $17.88. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 9.97 and a beta of 1.86. Safehold Inc. has a 12-month low of $13.68 and a 12-month 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Safehold had a net margin of 28.92% and a return on equity of 4.76%. The company had revenue of $97.68 million during the quarter, compared to the consensus estimate of $95.55 million. During the same period in the previous year, the firm earned $0.43 earnings per share. Safehold's revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.
Safehold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.80%. The ex-dividend date was Monday, March 31st. Safehold's dividend payout ratio is currently 47.95%.
About Safehold
(
Free Report)
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.
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