Point72 Europe London LLP Invests $6.20 Million in Safehold Inc. $SAFE

Key Points

• Point72 Europe London LLP acquired a new stake in Safehold Inc. by purchasing 331,226 shares, valued at approximately $6.2 million, representing about 0.46% of the company's stock.
• Safehold recently declared a quarterly dividend of $0.177 per share, yielding 4.3%, with a payout ratio of 48.95%.
• Multiple investment firms adjusted their price targets for Safehold, with the consensus rating being a "Hold" and an average target price of $21.89.

Point72 Europe London LLP acquired a new stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 331,226 shares of the company's stock, valued at approximately $6,201,000. Point72 Europe London LLP owned approximately 0.46% of Safehold as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAFE. Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 849 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Safehold by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,470 shares of the company's stock worth $545,000 after acquiring an additional 987 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Safehold by 73.9% in the first quarter. Versant Capital Management Inc now owns 2,377 shares of the company's stock worth $44,000 after acquiring an additional 1,010 shares during the last quarter. M&T Bank Corp grew its stake in shares of Safehold by 4.4% in the first quarter. M&T Bank Corp now owns 28,742 shares of the company's stock worth $538,000 after acquiring an additional 1,222 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Safehold by 136.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the company's stock worth $41,000 after acquiring an additional 1,278 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

Safehold Trading Up 1.3%

Safehold stock traded up $0.21 during trading hours on Wednesday, reaching $16.20. 493,944 shares of the company's stock traded hands, compared to its average volume of 417,994. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. Safehold Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $28.80. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.48 and a beta of 1.85. The firm's 50 day moving average is $15.23 and its 200-day moving average is $15.99.

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 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 for the quarter, compared to the consensus estimate of $94.05 million. During the same period in the prior year, the company posted $0.41 EPS. The company's revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.4%. Safehold's dividend payout ratio is 49.65%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAFE. The Goldman Sachs Group lowered their price objective on shares of Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price target on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 9th. JMP Securities decreased their price target on shares of Safehold from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Truist Financial decreased their price target on shares of Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, May 19th. Finally, Royal Bank Of Canada decreased their price target on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Safehold currently has a consensus rating of "Hold" and a consensus target price of $21.89.

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.