Man Group plc Purchases New Shares in Safehold Inc. $SAFE

Key Points

• Man Group purchased 98,064 Safehold shares in the second quarter, worth approximately $1.54 million and representing about 0.14% of the company. Institutional investors and hedge funds collectively own 70.38% of Safehold.
• Analyst sentiment remains cautious: Safehold has an average rating of “Hold” from MarketBeat, with two Buy, seven Hold, and one Sell rating, and a consensus price target of $17.17.
• Safehold reported quarterly EPS of $0.42, matching estimates, while revenue of $114.65 million exceeded expectations. The company also maintains a quarterly dividend of $0.177, equivalent to a 4.6% annualized yield.

Man Group plc purchased a new position in Safehold Inc. (NYSE:SAFE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 98,064 shares of the company's stock, valued at approximately $1,540,000. Man Group plc owned approximately 0.14% of Safehold as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Safehold in the fourth quarter valued at about $31,000. Russell Investments Group Ltd. raised its position in shares of Safehold by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company's stock worth $52,000 after purchasing an additional 1,789 shares during the last quarter. Advisory Services Network LLC purchased a new position in Safehold in the 3rd quarter valued at about $57,000. Federation des caisses Desjardins du Quebec boosted its holdings in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company's stock worth $61,000 after buying an additional 908 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Safehold by 98.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company's stock worth $75,000 after buying an additional 2,393 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Safehold Stock Up 0.7%

Shares of NYSE SAFE opened at $15.31 on Thursday. Safehold Inc. has a 1 year low of $12.76 and a 1 year high of $17.45. The company has a 50 day simple moving average of $15.95 and a 200-day simple moving average of $15.39. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.45, a P/E/G ratio of 4.53 and a beta of 1.73. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36.

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

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold's dividend payout ratio is 43.83%.

About Safehold

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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