Safehold Inc. (NYSE:SAFE) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC boosted its stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,554 shares of the company's stock after buying an additional 27,719 shares during the quarter. Peregrine Capital Management LLC owned 0.47% of Safehold worth $6,300,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares during the period. Versant Capital Management Inc boosted its position in Safehold by 73.9% in the 1st quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock valued at $44,000 after buying an additional 1,010 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Safehold by 23.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock worth $83,000 after acquiring an additional 849 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Safehold by 16.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after acquiring an additional 1,173 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Safehold during the fourth quarter worth $169,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $32.00 price objective on shares of Safehold in a research note on Thursday, June 26th. The Goldman Sachs Group decreased their price target on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Wedbush reissued a "neutral" rating and issued a $20.00 price objective on shares of Safehold in a research report on Monday, March 31st. Morgan Stanley lowered their target price on shares of Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, Mizuho dropped their target price on Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Safehold Stock Performance

Shares of SAFE traded down $0.12 during midday trading on Friday, reaching $15.69. 237,050 shares of the stock were exchanged, compared to its average volume of 404,290. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.53 and a beta of 1.79. The company has a debt-to-equity ratio of 1.82, a current ratio of 37.17 and a quick ratio of 37.17. Safehold Inc. has a twelve month low of $13.68 and a twelve month high of $28.80. The business's 50-day moving average price is $15.41 and its 200 day moving average price is $16.65.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $97.68 million for the quarter, compared to analyst estimates of $95.55 million. Safehold had a return on equity of 4.76% and a net margin of 28.20%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, sell-side analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.177 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.51%. Safehold's dividend payout ratio is presently 48.63%.

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.