Cubist Systematic Strategies LLC Acquires 21,187 Shares of Safehold Inc. $SAFE

Cubist Systematic Strategies LLC lifted its holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 48.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,744 shares of the company's stock after acquiring an additional 21,187 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.09% of Safehold worth $1,212,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SAFE. US Bancorp DE lifted its holdings in Safehold by 136.4% during the 1st quarter. US Bancorp DE now owns 2,215 shares of the company's stock worth $41,000 after buying an additional 1,278 shares in the last quarter. Versant Capital Management Inc grew its holdings in Safehold by 73.9% during the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock worth $44,000 after purchasing an additional 1,010 shares during the period. First Citizens Bank & Trust Co. bought a new position in Safehold during the first quarter worth about $192,000. D. E. Shaw & Co. Inc. bought a new position in Safehold during the fourth quarter worth about $194,000. Finally, PNC Financial Services Group Inc. grew its holdings in Safehold by 28.5% during the first quarter. PNC Financial Services Group Inc. now owns 10,863 shares of the company's stock worth $203,000 after purchasing an additional 2,408 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAFE. JMP Securities reduced their price objective on Safehold from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group reduced their price objective on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Royal Bank Of Canada reduced their price objective on Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Truist Financial reduced their price objective on Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. reduced their price objective on Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.89.

Safehold Price Performance

Shares of SAFE traded down $0.32 during trading hours on Wednesday, reaching $16.04. The stock had a trading volume of 249,672 shares, compared to its average volume of 387,749. The stock has a market capitalization of $1.15 billion, a PE ratio of 11.21, a PEG ratio of 1.47 and a beta of 1.85. Safehold Inc. has a 12 month low of $13.43 and a 12 month high of $28.80. The company's 50-day moving average is $15.27 and its two-hundred day moving average is $15.96. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02.

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

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.177 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.4%. Safehold's payout ratio is 49.65%.

About Safehold

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.