Legal & General Group Plc Takes Position in Safehold Inc. $SAFE

Key Points

• Legal & General Group Plc acquired 293,180 Safehold shares worth approximately $4.6 million, giving it a 0.41% stake. Institutional investors and hedge funds collectively own 70.38% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $17.17; two analysts rate the stock Buy, seven Hold, and one Sell.
• Safehold reported quarterly EPS of $0.42, matching estimates, while revenue of $114.65 million exceeded forecasts. The company pays a quarterly dividend of $0.177 per share, equivalent to a 4.7% annualized yield.

Legal & General Group Plc acquired a new stake in Safehold Inc. (NYSE:SAFE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 293,180 shares of the company's stock, valued at approximately $4,603,000. Legal & General Group Plc owned about 0.41% of Safehold as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAFE. The Manufacturers Life Insurance Company purchased a new position in shares of Safehold during the 2nd quarter worth $245,000. Infrastructure Capital Advisors LLC acquired a new position in Safehold in the second quarter valued at about $1,138,000. Ieq Capital LLC purchased a new position in Safehold during the second quarter worth about $345,000. Denali Advisors LLC acquired a new stake in shares of Safehold during the second quarter valued at about $4,861,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Safehold in the 2nd quarter valued at approximately $10,529,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a "neutral" rating on shares of Safehold in a report on Tuesday, August 4th. Weiss Ratings raised Safehold from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, July 31st. Wall Street Zen upgraded Safehold from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Zacks Research raised Safehold from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group lowered their target price on Safehold from $27.00 to $23.00 and set a "buy" rating for the company in a report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Safehold currently has a consensus rating of "Hold" and a consensus price target of $17.17.

Safehold Trading Down 1.2%

Shares of Safehold stock opened at $15.11 on Friday. The company has a fifty day simple moving average of $15.94 and a 200-day simple moving average of $15.38. Safehold Inc. has a 12-month low of $12.76 and a 12-month high of $17.45. The company has a current ratio of 34.37, a quick ratio of 34.36 and a debt-to-equity ratio of 1.77. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 4.56 and a beta of 1.73.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Safehold had a net margin of 27.70% and a return on equity of 4.76%. The firm had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. On average, equities analysts forecast that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.7%. Safehold's payout ratio is 43.83%.

Safehold Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.

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