Safehold (NYSE:SAFE) Director Robin Josephs Sells 9,500 Shares

Key Points

• Safehold Director Robin Josephs sold 9,500 shares at an average price of $14.56, generating $138,320. Following the transaction, Josephs retained 89,068 shares, a 9.64% reduction in the position.
• Safehold shares fell 2.5% to $14.01, below both their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.42, matching estimates, while revenue of $114.65 million exceeded expectations.
• The company pays a quarterly dividend of $0.177, equivalent to an annualized $0.71 and a 5.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $17.17, while institutional investors own 70.38% of outstanding shares.

Safehold Inc. (NYSE:SAFE - Get Free Report) Director Robin Josephs sold 9,500 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total value of $138,320.00. Following the sale, the director owned 89,068 shares in the company, valued at approximately $1,296,830.08. The trade was a 9.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Safehold Trading Down 2.5%

Shares of Safehold stock traded down $0.35 during trading on Friday, hitting $14.01. The stock had a trading volume of 497,384 shares, compared to its average volume of 350,503. The stock has a 50 day simple moving average of $15.81 and a 200 day simple moving average of $15.35. The company has a market capitalization of $991.92 million, a PE ratio of 8.65, a P/E/G ratio of 4.36 and a beta of 1.73. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77. Safehold Inc. has a 1 year low of $12.76 and a 1 year high of $17.45.

Safehold (NYSE:SAFE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Safehold had a net margin of 27.70% and a return on equity of 4.76%. The business had revenue of $114.65 million during the quarter, compared to the consensus estimate of $110.78 million. On average, research analysts expect 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. The ex-dividend date was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.1%. Safehold's dividend payout ratio is presently 43.21%.

Hedge Funds Weigh In On Safehold

Several institutional investors have recently bought and sold shares of SAFE. Long Pond Capital LP acquired a new stake in shares of Safehold in the fourth quarter worth about $12,936,000. California State Teachers Retirement System boosted its stake in shares of Safehold by 1,761.8% during the 2nd quarter. California State Teachers Retirement System now owns 808,032 shares of the company's stock worth $12,686,000 after acquiring an additional 764,632 shares in the last quarter. NewEdge Wealth LLC acquired a new position in shares of Safehold during the 2nd quarter valued at about $10,529,000. Bank of America Corp DE acquired a new position in shares of Safehold during the 2nd quarter valued at about $5,153,000. Finally, Denali Advisors LLC bought a new position in shares of Safehold in the 2nd quarter valued at approximately $4,861,000. 70.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAFE has been the topic of several recent analyst reports. Wall Street Zen raised Safehold from a "sell" rating to a "hold" rating in a research report on Saturday, July 4th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Safehold in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Safehold from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 21st. The Goldman Sachs Group lowered their price objective 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. Finally, Raymond James Financial initiated coverage on shares of Safehold in a research note on Wednesday, August 19th. They issued a "market perform" rating on the stock. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.17.

About Safehold

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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