26,469 Shares in Safehold Inc. (NYSE:SAFE) Purchased by Jump Financial LLC

Jump Financial LLC bought a new position in shares of Safehold Inc. (NYSE:SAFE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,469 shares of the company's stock, valued at approximately $489,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock worth $26,000 after buying an additional 1,020 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company's stock worth $156,000 after purchasing an additional 1,173 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Safehold during the fourth quarter worth approximately $169,000. Sage Investment Counsel LLC bought a new stake in Safehold in the fourth quarter valued at approximately $186,000. Finally, abrdn plc lifted its position in shares of Safehold by 30.6% in the fourth quarter. abrdn plc now owns 13,505 shares of the company's stock valued at $248,000 after buying an additional 3,166 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Stock Up 1.0 %

Shares of Safehold stock traded up $0.15 during trading on Wednesday, reaching $15.77. 357,558 shares of the company traded hands, compared to its average volume of 397,457. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. Safehold Inc. has a 1-year low of $13.68 and a 1-year high of $28.80. The company has a 50 day moving average price of $17.17 and a 200-day moving average price of $18.67. The firm has a market capitalization of $1.13 billion, a PE ratio of 10.66 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share 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 quarter in the prior year, the business earned $0.36 EPS. As a group, equities research analysts expect that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.177 per share. The ex-dividend date was Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 4.49%. Safehold's payout ratio is 47.30%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAFE. Mizuho decreased their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Wedbush reiterated a "neutral" rating and set a $20.00 price objective on shares of Safehold in a research report on Monday, March 31st. JMP Securities reissued a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of Safehold from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley dropped their price objective on Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.25.

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.