BlackRock Inc. raised its holdings in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,938,575 shares of the company's stock after acquiring an additional 200,628 shares during the period. BlackRock Inc. owned approximately 14.03% of Safehold worth $156,036,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Safehold in the fourth quarter valued at $31,000. Russell Investments Group Ltd. boosted its stake in shares of Safehold by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company's stock valued at $52,000 after buying an additional 1,789 shares during the period. Advisory Services Network LLC purchased a new position in Safehold in the third quarter valued at about $57,000. Federation des caisses Desjardins du Quebec grew its position in Safehold by 25.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company's stock worth $61,000 after acquiring an additional 908 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Safehold by 98.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company's stock worth $75,000 after purchasing an additional 2,393 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.
Safehold Stock Up 0.1%
Shares of SAFE opened at $15.36 on Friday. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77. The company has a 50-day moving average price of $15.97 and a two-hundred day moving average price of $15.38. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 4.58 and a beta of 1.75. Safehold Inc. has a 12 month low of $12.76 and a 12 month high of $17.45.
Safehold (NYSE:SAFE - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%.The business had revenue of $114.65 million during the quarter, compared to analysts' expectations of $110.78 million. Equities analysts predict that Safehold Inc. will post 1.64 EPS for the current fiscal year.
Safehold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold's payout ratio is presently 43.83%.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Royal Bank Of Canada downgraded Safehold from a "market outperform" rating to a "sector perform" rating and decreased their price target for the stock from $18.00 to $16.00 in a research note on Friday, May 1st. Wall Street Zen upgraded Safehold from a "sell" rating to a "hold" rating in a report on Saturday, July 4th. Raymond James Financial began coverage on Safehold in a research report on Wednesday, August 19th. They set a "market perform" rating for the company. Cantor Fitzgerald reiterated a "neutral" rating on shares of Safehold in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group dropped their price target on shares of Safehold from $27.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.17.
Get Our Latest Research Report on Safehold
Safehold Company Profile
(
Free Report)
Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.
Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.
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