Safehold Inc. (NYSE:SAFE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 2,476.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 33,808 shares of the company's stock after buying an additional 32,496 shares during the period. GAMMA Investing LLC's holdings in Safehold were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Versant Capital Management Inc grew its holdings in Safehold by 73.9% during 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 period. Two Sigma Investments LP boosted its position in Safehold by 56.7% in the 4th quarter. Two Sigma Investments LP now owns 29,687 shares of the company's stock worth $549,000 after purchasing an additional 10,740 shares in the last quarter. State of Wyoming grew its stake in shares of Safehold by 13.2% during the 4th quarter. State of Wyoming now owns 18,595 shares of the company's stock worth $344,000 after purchasing an additional 2,173 shares during the period. ProShare Advisors LLC grew its stake in shares of Safehold by 44.9% during the 4th quarter. ProShare Advisors LLC now owns 15,487 shares of the company's stock worth $286,000 after purchasing an additional 4,801 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of Safehold during the 4th quarter valued at approximately $214,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Stock Up 0.1%

SAFE stock opened at $15.39 on Thursday. The stock has a market capitalization of $1.10 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.80. The company has a fifty day moving average of $15.27 and a 200-day moving average of $17.09. The company has a debt-to-equity ratio of 1.82, a quick ratio of 37.17 and a current ratio of 37.17. Safehold Inc. has a one year low of $13.68 and a one year high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Safehold had a net margin of 28.20% and a return on equity of 4.76%. The firm had revenue of $97.68 million during the quarter, compared to the consensus estimate of $95.55 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.177 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.60%. Safehold's dividend payout ratio is presently 48.63%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SAFE shares. Wedbush reissued a "neutral" rating and issued a $20.00 price target on shares of Safehold in a research note on Monday, March 31st. Royal Bank Of Canada dropped their target price on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Mizuho cut their target price on shares of Safehold from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday. The Goldman Sachs Group reduced their price target on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Truist Financial lowered their price objective on Safehold from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Safehold currently has an average rating of "Moderate Buy" and an average price target of $23.13.

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.

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