First Trust Advisors LP Grows Position in Safehold Inc. (NYSE:SAFE)

First Trust Advisors LP grew its stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 410.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,997 shares of the company's stock after acquiring an additional 200,204 shares during the quarter. First Trust Advisors LP owned about 0.35% of Safehold worth $4,601,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after purchasing an additional 1,020 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 worth $156,000 after buying an additional 1,173 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Safehold in the fourth quarter worth $169,000. Sage Investment Counsel LLC bought a new stake in shares of Safehold in the fourth quarter worth $186,000. Finally, abrdn plc increased its position in Safehold by 30.6% during the fourth quarter. abrdn plc now owns 13,505 shares of the company's stock valued at $248,000 after acquiring an additional 3,166 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Mizuho reduced their target price on shares of Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price objective on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, Wedbush reiterated a "neutral" rating and set a $20.00 target price on shares of Safehold in a research report on Monday, March 31st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.25.

Safehold Price Performance

SAFE stock traded up $0.59 during trading on Wednesday, reaching $15.94. The company's stock had a trading volume of 659,544 shares, compared to its average volume of 400,277. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The company's fifty day moving average is $16.94 and its 200-day moving average is $18.36. The company has a market capitalization of $1.14 billion, a P/E ratio of 10.77 and a beta of 1.86. Safehold Inc. has a 1 year low of $13.68 and a 1 year high of $28.80.

Safehold (NYSE:SAFE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Safehold had a return on equity of 4.76% and a net margin of 28.92%. The firm had revenue of $97.68 million during the quarter, compared to analysts' expectations of $95.55 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. On average, research analysts expect that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.44%. Safehold's dividend payout ratio is 47.95%.

About Safehold

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.