EntryPoint Capital LLC Has $669,000 Stock Position in 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 holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 134.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,739 shares of the company's stock after acquiring an additional 20,499 shares during the quarter. EntryPoint Capital LLC's holdings in Safehold were worth $669,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Safehold by 39.2% in the 4th quarter. Wells Fargo & Company MN now owns 39,719 shares of the company's stock valued at $734,000 after buying an additional 11,184 shares in the last quarter. Invesco Ltd. grew its holdings in Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company's stock valued at $11,942,000 after buying an additional 487,886 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Safehold in the 4th quarter worth about $3,414,000. Barclays PLC raised its holdings in shares of Safehold by 6.7% in the 4th quarter. Barclays PLC now owns 91,652 shares of the company's stock worth $1,693,000 after purchasing an additional 5,720 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Safehold in the 4th quarter worth about $489,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their target price on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Morgan Stanley decreased their target price on Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada dropped their price target on Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. JMP Securities reduced their price objective on Safehold from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Finally, Mizuho reduced 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. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Safehold presently has a consensus rating of "Hold" and a consensus price target of $21.89.

Safehold Stock Performance

SAFE traded up $0.7480 during trading on Friday, reaching $16.1980. 450,320 shares of the company were exchanged, compared to its average volume of 513,375. The firm has a 50 day moving average of $15.11 and a 200 day moving average of $16.05. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85. The stock has a market cap of $1.16 billion, a P/E ratio of 11.33, a PEG ratio of 1.39 and a beta of 1.83. Safehold Inc. has a 52 week low of $13.43 and a 52 week high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The company 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 posted $0.41 EPS. The firm's quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 30th. Safehold's payout ratio is currently 49.65%.

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.