New Age Alpha Advisors LLC Invests $1.08 Million 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) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of SAFE. Invesco Ltd. increased its stake in Safehold by 308.1% in the fourth quarter. Invesco Ltd. now owns 646,222 shares of the company's stock valued at $11,942,000 after purchasing an additional 487,886 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Safehold by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company's stock worth $19,424,000 after acquiring an additional 388,899 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Safehold by 8.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company's stock worth $78,850,000 after acquiring an additional 336,458 shares in the last quarter. First Trust Advisors LP increased its position in shares of Safehold by 410.3% during the fourth quarter. First Trust Advisors LP now owns 248,997 shares of the company's stock worth $4,601,000 after acquiring an additional 200,204 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Safehold during the fourth quarter worth $3,414,000. Institutional investors own 70.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 reduced their price target on 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 reduced their price target on 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. decreased their target price 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 decreased their target price on shares of Safehold from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.89.

Safehold Stock Performance

Shares of SAFE traded up $0.43 during midday trading on Tuesday, reaching $14.44. The stock had a trading volume of 107,839 shares, compared to its average volume of 432,830. The firm has a 50 day simple moving average of $15.11 and a 200-day simple moving average of $16.10. Safehold Inc. has a one year low of $13.43 and a one year high of $28.80. The firm has a market cap of $1.04 billion, a PE ratio of 10.09, a P/E/G ratio of 1.38 and a beta of 1.83. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85.

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

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.9%. Safehold's payout ratio is presently 49.65%.

About Safehold

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.