Quantbot Technologies LP Buys 25,693 Shares of Safehold Inc. $SAFE

Key Points

• Quantbot Technologies LP increased its stake in Safehold Inc. by 156.2% in the first quarter, owning 42,146 shares valued at approximately $789,000.
• Safehold recently announced a quarterly dividend of $0.177 per share, representing an annualized dividend yield of 4.4%.
• Safehold's stock has been subject to multiple analyst rating changes, with a consensus rating of "Hold" and a price target of approximately $21.89.

Quantbot Technologies LP raised its position in Safehold Inc. (NYSE:SAFE - Free Report) by 156.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,146 shares of the company's stock after acquiring an additional 25,693 shares during the period. Quantbot Technologies LP owned about 0.06% of Safehold worth $789,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company's stock valued at $83,000 after acquiring an additional 849 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Safehold by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,470 shares of the company's stock valued at $545,000 after acquiring an additional 987 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 acquiring an additional 1,010 shares in the last quarter. M&T Bank Corp raised its holdings in Safehold by 4.4% in the 1st quarter. M&T Bank Corp now owns 28,742 shares of the company's stock valued at $538,000 after acquiring an additional 1,222 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Safehold by 136.4% in the 1st quarter. US Bancorp DE now owns 2,215 shares of the company's stock valued at $41,000 after purchasing an additional 1,278 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Price Performance

Safehold stock traded up $0.42 on Friday, reaching $16.47. The company's stock had a trading volume of 398,379 shares, compared to its average volume of 468,866. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.48 and a beta of 1.83. The business's fifty day moving average price is $15.19 and its 200 day moving average price is $16.00. Safehold Inc. has a twelve month low of $13.43 and a twelve month high of $28.80.

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

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 30th. Safehold's dividend payout ratio (DPR) is presently 49.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered their price objective on 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 lowered their price objective on Safehold from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Mizuho lowered their price objective on Safehold from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Finally, The Goldman Sachs Group lowered their price objective on Safehold from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Safehold currently has a consensus rating of "Hold" and an average target price of $21.89.

Safehold Company 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.