Safehold Inc. $SAFE Stock Holdings Boosted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its ownership of Safehold Inc. by 1.2%, holding a total of 7.8 million shares valued at approximately $146.4 million.
• Safehold reported a quarterly EPS of $0.39, in line with estimates, while its revenue grew 4.3% year-over-year, totaling $93.84 million.
• The company declared a quarterly dividend of $0.177 per share, providing an annualized yield of 4.5% and a payout ratio of 49.65%.

Vanguard Group Inc. boosted its stake in Safehold Inc. (NYSE:SAFE - Free Report) by 1.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,817,950 shares of the company's stock after buying an additional 93,236 shares during the period. Vanguard Group Inc. owned 10.92% of Safehold worth $146,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its position in 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 buying an additional 1,278 shares in the last quarter. Versant Capital Management Inc grew its position 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 buying an additional 1,010 shares in the last quarter. Tower Research Capital LLC TRC grew its position 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 buying an additional 849 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in Safehold in the 1st quarter valued at about $192,000. Finally, D. E. Shaw & Co. Inc. bought a new position in Safehold in the 4th quarter valued at about $194,000. Institutional investors own 70.38% of the company's stock.

Safehold Price Performance

SAFE stock opened at $15.85 on Thursday. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85. Safehold Inc. has a one year low of $13.43 and a one year high of $28.80. The firm has a market capitalization of $1.14 billion, a PE ratio of 11.08, a P/E/G ratio of 1.43 and a beta of 1.83. The firm has a 50-day moving average of $15.10 and a two-hundred day moving average of $16.06.

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, meeting analysts' consensus estimates of $0.39. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The company had revenue of $93.84 million during the quarter, compared to analyst estimates of $94.05 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current 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 paid a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.5%. Safehold's dividend payout ratio is currently 49.65%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SAFE shares. Truist Financial decreased their target price on shares of Safehold from $20.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, May 19th. Royal Bank Of Canada decreased their target price on shares of Safehold from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. JPMorgan Chase & Co. decreased their target price on shares of Safehold from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, July 9th. The Goldman Sachs Group cut their price target on shares of Safehold from $28.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, JMP Securities cut their price target on shares of Safehold from $32.00 to $28.00 and set a "market outperform" rating for the company in a report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to 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.

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