Berkeley Capital Partners LLC Boosts Stock Holdings in Safehold Inc. (NYSE:SAFE)

Berkeley Capital Partners LLC increased its stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 95.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,469 shares of the company's stock after acquiring an additional 62,172 shares during the quarter. Safehold makes up 0.7% of Berkeley Capital Partners LLC's investment portfolio, making the stock its 28th largest position. Berkeley Capital Partners LLC owned approximately 0.18% of Safehold worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 1,010 shares during the period. Tower Research Capital LLC TRC lifted its stake 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 valued at $83,000 after purchasing an additional 849 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock valued at $156,000 after purchasing an additional 1,173 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Safehold in the 4th quarter valued at approximately $169,000. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Safehold in the 1st quarter valued at approximately $192,000. 70.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada reduced their target price on Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, May 19th. JMP Securities reissued a "market outperform" rating and set a $32.00 price target on shares of Safehold in a report on Thursday, June 26th. The Goldman Sachs Group cut their price target on Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Truist Financial cut their price target on Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. cut their price target on Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Five 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, the company has an average rating of "Hold" and a consensus target price of $22.33.

Safehold Stock Down 2.3%

Shares of SAFE stock traded down $0.34 during mid-day trading on Friday, hitting $14.71. The stock had a trading volume of 279,441 shares, compared to its average volume of 404,159. Safehold Inc. has a 12-month low of $13.68 and a 12-month high of $28.80. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.79. The firm's 50-day moving average is $15.34 and its two-hundred day moving average is $16.38. 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 (NYSE:SAFE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $97.68 million during 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. On average, analysts predict that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Monday, June 30th. Safehold's payout ratio is currently 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.