B&I Capital AG Sells 173,100 Shares of Safehold Inc. (NYSE:SAFE)

B&I Capital AG lowered its position in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 41.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 244,403 shares of the company's stock after selling 173,100 shares during the period. Safehold comprises about 1.5% of B&I Capital AG's portfolio, making the stock its 26th biggest position. B&I Capital AG owned about 0.34% of Safehold worth $4,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAFE. Invesco Ltd. lifted its holdings in Safehold by 308.1% during the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company's stock worth $11,942,000 after buying an additional 487,886 shares during the period. JPMorgan Chase & Co. lifted its holdings in Safehold by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock worth $19,424,000 after buying an additional 388,899 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Safehold by 8.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company's stock worth $78,850,000 after buying an additional 336,458 shares during the period. First Trust Advisors LP lifted its holdings in Safehold by 410.3% during the 4th quarter. First Trust Advisors LP now owns 248,997 shares of the company's stock worth $4,601,000 after buying an additional 200,204 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Safehold during the 4th quarter worth about $3,414,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on SAFE shares. Truist Financial cut their target price on Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Mizuho dropped their price objective on Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research note on Monday, March 31st. 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 research note on Tuesday, April 29th. Finally, The Goldman Sachs Group dropped their price objective on Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.33.

Safehold Stock Down 2.5%

Safehold stock traded down $0.39 during mid-day trading on Thursday, reaching $14.95. The stock had a trading volume of 353,159 shares, compared to its average volume of 426,992. The company has a debt-to-equity ratio of 1.82, a quick ratio of 37.17 and a current ratio of 37.17. Safehold Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $28.80. The stock's 50-day simple moving average is $15.32 and its 200-day simple moving average is $16.32. The firm has a market capitalization of $1.07 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.51 and a beta of 1.79.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS 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 firm had revenue of $97.68 million during the quarter, compared to analysts' expectations of $95.55 million. During the same quarter last year, the firm posted $0.43 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Monday, June 30th. Safehold's dividend payout ratio is presently 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.