Safehold Inc. (NYSE:SAFE) Shares Sold by B&I Capital AG

B&I Capital AG reduced its position in Safehold Inc. (NYSE:SAFE - Free Report) by 41.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,403 shares of the company's stock after selling 173,100 shares during the period. Safehold makes up approximately 1.5% of B&I Capital AG's holdings, making the stock its 26th largest holding. B&I Capital AG owned approximately 0.34% of Safehold worth $4,575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berkeley Capital Partners LLC raised its holdings in shares of Safehold by 95.2% during the 1st quarter. Berkeley Capital Partners LLC now owns 127,469 shares of the company's stock valued at $2,386,000 after buying an additional 62,172 shares during the period. Signaturefd LLC raised its holdings in shares of Safehold by 21,147.2% during the 1st quarter. Signaturefd LLC now owns 11,261 shares of the company's stock valued at $211,000 after buying an additional 11,208 shares during the period. M&T Bank Corp raised its holdings in shares of Safehold by 4.4% during the 1st quarter. M&T Bank Corp now owns 28,742 shares of the company's stock valued at $538,000 after buying an additional 1,222 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Safehold by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 228,133 shares of the company's stock valued at $4,271,000 after buying an additional 6,083 shares during the period. Finally, Peregrine Capital Management LLC raised its holdings in shares of Safehold by 9.0% during the 1st quarter. Peregrine Capital Management LLC now owns 336,554 shares of the company's stock valued at $6,300,000 after buying an additional 27,719 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAFE. JPMorgan Chase & Co. dropped their target price on Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of Safehold in a report on Monday, March 31st. Mizuho dropped their price objective on Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Morgan Stanley dropped their price objective 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, Truist Financial dropped their price objective on Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.33.

Safehold Stock Performance

Shares of NYSE SAFE traded up $0.01 during trading on Wednesday, reaching $15.32. The stock had a trading volume of 280,632 shares, compared to its average volume of 403,737. Safehold Inc. has a one year low of $13.68 and a one year high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 37.17 and a current ratio of 37.17. The stock has a market cap of $1.10 billion, a PE ratio of 10.49, a P/E/G ratio of 1.45 and a beta of 1.79. The firm's 50 day moving average price is $15.32 and its two-hundred day moving average price is $16.33.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Safehold had a return on equity of 4.76% and a net margin of 28.20%. The business 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 business earned $0.43 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.177 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.62%. Safehold's dividend payout ratio (DPR) is 48.63%.

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.