New Age Alpha Advisors LLC Takes Position in Safehold Inc. (NYSE:SAFE)

Key Points

• New Age Alpha Advisors LLC purchased 57,568 shares of Safehold Inc. valued at approximately $1,078,000, representing about 0.08% ownership of the company.
• Safehold recently announced a quarterly dividend of $0.177 per share, which results in an annualized dividend of $0.71 and a yield of 5.2%.
• Institutional investors currently hold 70.38% of Safehold's stock, indicating strong interest from large financial entities.

New Age Alpha Advisors LLC bought a new stake in Safehold Inc. (NYSE:SAFE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 57,568 shares of the company's stock, valued at approximately $1,078,000. New Age Alpha Advisors LLC owned approximately 0.08% of Safehold as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its stake in shares of Safehold by 8.6% in 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 purchasing an additional 336,458 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 last quarter. Invesco Ltd. grew its position in shares of 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 buying an additional 487,886 shares during the last quarter. Northern Trust Corp grew its position in shares of Safehold by 17.4% during the 4th quarter. Northern Trust Corp now owns 628,137 shares of the company's stock valued at $11,608,000 after buying an additional 93,173 shares during the last quarter. Finally, FIL Ltd grew its position in shares of Safehold by 4.8% during the 4th quarter. FIL Ltd now owns 336,989 shares of the company's stock valued at $6,228,000 after buying an additional 15,562 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Price Performance

NYSE SAFE opened at $13.69 on Friday. Safehold Inc. has a 52 week low of $13.66 and a 52 week high of $28.80. The company has a current ratio of 36.76, a quick ratio of 37.17 and a debt-to-equity ratio of 1.85. The stock has a market cap of $981.85 million, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.83. The company has a 50-day moving average price of $15.15 and a two-hundred day moving average price of $16.13.

Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The firm had revenue of $93.84 million during the quarter, compared to analysts' expectations of $94.05 million. During the same quarter in the prior year, the firm earned $0.41 EPS. Safehold's quarterly revenue was up 4.3% on a year-over-year basis. Analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.177 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.71 annualized dividend and a dividend yield of 5.2%. Safehold's dividend payout ratio (DPR) is 49.65%.

Wall Street Analysts Forecast Growth

SAFE has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price objective on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Mizuho lowered their price objective on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. The Goldman Sachs Group lowered their price objective on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price objective on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, July 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $32.00 price objective on shares of Safehold in a research report on Thursday, June 26th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.33.

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.

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