Jefferies Financial Group Inc. Takes $388,000 Position in Safehold Inc. (NYSE:SAFE)

Key Points

• Jefferies Financial Group Inc. acquired a new stake in Safehold Inc., purchasing 20,736 shares valued at approximately $388,000 during the first quarter.
• Safehold's quarterly earnings showed an EPS of $0.39, aligning with analysts' expectations, while revenue reached $93.84 million, slightly below the anticipated $94.05 million.
• The firm declared a quarterly dividend of $0.177 per share, yielding an annualized dividend of 5.1%, with a payout ratio of 49.65%.

Jefferies Financial Group Inc. acquired a new stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,736 shares of the company's stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in Safehold by 308.1% during the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company's stock valued at $11,942,000 after acquiring an additional 487,886 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Safehold by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock valued at $19,424,000 after buying an additional 388,899 shares during the period. T. Rowe Price Investment Management Inc. increased its stake 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 valued at $78,850,000 after buying an additional 336,458 shares during the period. First Trust Advisors LP increased its stake in Safehold by 410.3% during the 4th quarter. First Trust Advisors LP now owns 248,997 shares of the company's stock valued at $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 valued at about $3,414,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley lowered 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. JPMorgan Chase & Co. lowered their target price on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. Royal Bank Of Canada dropped their price objective on Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note 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. Finally, Truist Financial dropped their price objective on Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $21.89.

Safehold Price Performance

Shares of SAFE traded up $0.30 during midday trading on Tuesday, reaching $14.31. The stock had a trading volume of 67,368 shares, compared to its average volume of 432,573. Safehold Inc. has a 52 week low of $13.43 and a 52 week high of $28.80. The company has a debt-to-equity ratio of 1.85, a current ratio of 36.02 and a quick ratio of 36.02. The firm's 50 day moving average price is $15.11 and its 200-day moving average price is $16.10. The company has a market capitalization of $1.03 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.38 and a beta of 1.83.

Safehold (NYSE:SAFE - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $94.05 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Safehold's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, June 30th. Safehold's dividend 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.