218,280 Shares in Safehold Inc. $SAFE Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired 218,280 shares of Safehold Inc. (NYSE:SAFE) valued at approximately $4.1 million, representing an ownership of about 0.30% of the company.
• Wall Street analysts have recently lowered price targets for Safehold, with JMP Securities setting a target of $28.00, while the consensus target price is now $21.89.
• Safehold announced a quarterly dividend of $0.177 per share, resulting in an annualized dividend yield of 4.4% and a payout ratio of 49.65%.

Nuveen LLC purchased a new stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 218,280 shares of the company's stock, valued at approximately $4,086,000. Nuveen LLC owned 0.30% of Safehold as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SAFE. Wells Fargo & Company MN boosted its position in Safehold by 39.2% during the fourth quarter. Wells Fargo & Company MN now owns 39,719 shares of the company's stock valued at $734,000 after buying an additional 11,184 shares during the period. Barclays PLC boosted its position in Safehold by 6.7% during the fourth quarter. Barclays PLC now owns 91,652 shares of the company's stock valued at $1,693,000 after buying an additional 5,720 shares during the period. First Trust Advisors LP boosted its position in Safehold by 410.3% during the fourth 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. MetLife Investment Management LLC boosted its position in Safehold by 5.4% during the fourth quarter. MetLife Investment Management LLC now owns 33,005 shares of the company's stock valued at $610,000 after buying an additional 1,692 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Safehold by 23.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after buying an additional 849 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAFE shares. Royal Bank Of Canada dropped their target price on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, May 19th. JPMorgan Chase & Co. dropped their target price on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Mizuho dropped their target price on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, June 16th. The Goldman Sachs Group dropped their target price on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, JMP Securities dropped their target price on shares of Safehold from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.89.

Safehold Stock Down 2.9%

Shares of SAFE stock traded down $0.48 during trading hours on Tuesday, hitting $15.99. 396,191 shares of the company's stock traded hands, compared to its average volume of 417,994. The stock's fifty day simple moving average is $15.21 and its two-hundred day simple moving average is $15.98. Safehold Inc. has a 12-month low of $13.43 and a 12-month high of $28.80. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.48 and a beta of 1.85. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85.

Safehold (NYSE:SAFE - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $94.05 million. During the same period last year, the business earned $0.41 earnings per share. The business's revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The firm 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 4.4%. The ex-dividend date was Monday, June 30th. Safehold's dividend payout ratio (DPR) 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.