EntryPoint Capital LLC Buys 20,499 Shares of Safehold Inc. $SAFE

Key Points

• EntryPoint Capital LLC has significantly increased its stake in Safehold Inc. by 134.5%, now holding 35,739 shares valued at approximately $669,000.
• Several other institutional investors, including Invesco Ltd. and T. Rowe Price Investment Management, have also increased their positions in Safehold, leading to 70.38% of the stock being owned by hedge funds.
• Analyst price targets for Safehold's shares have been cut by multiple firms, with an average target of $21.89 and a consensus rating of "Hold."

EntryPoint Capital LLC raised its position in Safehold Inc. (NYSE:SAFE - Free Report) by 134.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,739 shares of the company's stock after buying an additional 20,499 shares during the period. EntryPoint Capital LLC's holdings in Safehold were worth $669,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System grew its holdings in shares of Safehold by 12.1% in the first quarter. New York State Teachers Retirement System now owns 51,068 shares of the company's stock valued at $956,000 after acquiring an additional 5,509 shares in the last quarter. Peregrine Capital Management LLC boosted its position in Safehold by 9.0% in the first quarter. Peregrine Capital Management LLC now owns 336,554 shares of the company's stock worth $6,300,000 after purchasing an additional 27,719 shares during the last quarter. GAMMA Investing LLC grew its stake in Safehold by 2,476.8% in the 1st quarter. GAMMA Investing LLC now owns 33,808 shares of the company's stock valued at $633,000 after purchasing an additional 32,496 shares during the period. M&T Bank Corp grew its stake in Safehold by 4.4% in the 1st quarter. M&T Bank Corp now owns 28,742 shares of the company's stock valued at $538,000 after purchasing an additional 1,222 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Safehold during the 1st quarter valued at $388,000. Institutional investors own 70.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SAFE shares. JPMorgan Chase & Co. reduced their price target on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, July 9th. Morgan Stanley dropped their target price on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Truist Financial decreased their price target on shares of Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Monday, May 19th. The Goldman Sachs Group lowered their price target on shares of Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.89.

Safehold Price Performance

SAFE traded down $0.18 during trading on Monday, reaching $16.03. 77,774 shares of the company were exchanged, compared to its average volume of 435,655. The company's 50-day moving average is $15.11 and its two-hundred day moving average is $16.03. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.46 and a beta of 1.83. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85. Safehold Inc. has a 12-month low of $13.43 and a 12-month high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $94.05 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid 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 dividend payout ratio is currently 48.95%.

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.