Farmers & Merchants Investments Inc. Trims Holdings in Safehold Inc. (NYSE:SAFE)

Farmers & Merchants Investments Inc. decreased its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 34.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,616 shares of the company's stock after selling 34,719 shares during the period. Farmers & Merchants Investments Inc. owned approximately 0.09% of Safehold worth $1,228,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SAFE. Smartleaf Asset Management LLC boosted its holdings in shares of Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Safehold by 73.9% in the 1st 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock worth $83,000 after purchasing an additional 849 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after purchasing an additional 1,173 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Safehold in the 4th quarter worth about $169,000. Institutional investors own 70.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho cut their price objective on Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Monday. Truist Financial cut 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. Wedbush reiterated a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a report on Monday, March 31st. Morgan Stanley decreased 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, Royal Bank Of Canada decreased their price objective on Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.13.

Safehold Trading Up 0.3%

Shares of SAFE traded up $0.05 during trading hours on Wednesday, hitting $15.43. The company had a trading volume of 136,941 shares, compared to its average volume of 400,282. The firm has a market cap of $1.11 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.50 and a beta of 1.80. The stock's 50 day moving average price is $15.29 and its 200 day moving average price is $17.10. The company has a quick ratio of 37.17, a current ratio of 37.17 and a debt-to-equity ratio of 1.82. Safehold Inc. has a 52-week low of $13.68 and a 52-week high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (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 company had revenue of $97.68 million for the quarter, compared to the consensus estimate of $95.55 million. During the same quarter in the previous year, the business earned $0.43 EPS. Safehold's revenue was up 4.8% compared to the same quarter last year. On average, research analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.177 per share. The ex-dividend date is Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.59%. Safehold's dividend payout ratio is presently 48.63%.

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.