GAMMA Investing LLC Purchases 32,496 Shares of Safehold Inc. (NYSE:SAFE)

GAMMA Investing LLC raised its position in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 2,476.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,808 shares of the company's stock after acquiring an additional 32,496 shares during the quarter. GAMMA Investing LLC's holdings in Safehold were worth $633,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Safehold by 0.4% during the 4th quarter. Rhumbline Advisers now owns 163,179 shares of the company's stock worth $3,016,000 after purchasing an additional 663 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Safehold by 23.3% in the 4th 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 during the last quarter. M&T Bank Corp increased its stake in Safehold by 3.4% in the 4th quarter. M&T Bank Corp now owns 27,520 shares of the company's stock valued at $509,000 after buying an additional 899 shares during the last quarter. Corient Private Wealth LLC increased its stake in Safehold by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 14,260 shares of the company's stock valued at $264,000 after buying an additional 924 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 buying an additional 987 shares during the last quarter. 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 decreased their price target on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Wedbush restated a "neutral" rating and set a $20.00 price target on shares of Safehold in a research note on Monday, March 31st. Mizuho decreased their price target on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Truist Financial decreased their price target on shares of Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a research note on Monday, May 19th. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.13.

Safehold Stock Performance

SAFE traded up $0.01 on Friday, hitting $15.37. The company's stock had a trading volume of 633,388 shares, compared to its average volume of 401,390. The company's 50 day simple moving average is $15.31 and its 200-day simple moving average is $16.95. The firm has a market cap of $1.10 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.80. Safehold Inc. has a 12 month low of $13.68 and a 12 month high of $28.80. The company has a quick ratio of 37.17, a current ratio of 37.17 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $95.55 million. Safehold had a net margin of 28.20% and a return on equity of 4.76%. Safehold's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. Analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.61%. The ex-dividend date is Monday, June 30th. Safehold's dividend payout ratio (DPR) is presently 48.63%.

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.