Invesco Ltd. Has $11.94 Million Holdings in Safehold Inc. (NYSE:SAFE)

Invesco Ltd. increased its holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 308.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 646,222 shares of the company's stock after acquiring an additional 487,886 shares during the quarter. Invesco Ltd. owned approximately 0.90% of Safehold worth $11,942,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SAFE. Smartleaf Asset Management LLC grew its stake 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 in the last quarter. FMR LLC grew its position in shares of Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock worth $153,000 after acquiring an additional 1,163 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 1,173 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Safehold during the 4th quarter valued at approximately $169,000. Finally, Sage Investment Counsel LLC acquired a new stake in shares of Safehold during the fourth quarter worth $186,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Stock Performance

SAFE stock traded down $0.25 during midday trading on Friday, hitting $15.10. 216,267 shares of the company traded hands, compared to its average volume of 396,564. The business has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $18.85. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold Inc. has a twelve month low of $13.68 and a twelve month high of $28.80. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.20 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities research analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

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. This represents a $0.71 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Monday, March 31st. Safehold's dividend payout ratio (DPR) is currently 47.30%.

Analysts Set New Price Targets

SAFE has been the subject of several analyst reports. Morgan Stanley downgraded shares of Safehold from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their target price on Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Wedbush restated a "neutral" rating and set a $20.00 price target on shares of Safehold in a report on Monday, March 31st. Finally, Mizuho decreased their price objective on Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Safehold currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

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.