Legal & General Group Plc Sells 30,391 Shares of Safehold Inc. (NYSE:SAFE)

Legal & General Group Plc lowered its position in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 326,227 shares of the company's stock after selling 30,391 shares during the period. Legal & General Group Plc owned 0.46% of Safehold worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. FMR LLC grew its holdings in Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company's stock valued at $153,000 after buying an additional 1,163 shares in the last quarter. Jane Street Group LLC increased its position in Safehold by 6.2% during the third quarter. Jane Street Group LLC now owns 44,910 shares of the company's stock worth $1,178,000 after acquiring an additional 2,632 shares during the period. Barclays PLC raised its stake in Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company's stock worth $2,254,000 after purchasing an additional 65,370 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Safehold by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company's stock valued at $32,734,000 after purchasing an additional 38,074 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Safehold during the 3rd quarter worth approximately $370,000. Institutional investors own 70.38% of the company's stock.

Wall Street Analyst Weigh In

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

Safehold Price Performance

NYSE:SAFE traded down $0.24 during trading hours on Friday, hitting $15.11. The company's stock had a trading volume of 45,972 shares, compared to its average volume of 395,251. Safehold Inc. has a twelve month low of $13.68 and a twelve month high of $28.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The stock has a fifty day simple moving average of $17.28 and a 200-day simple moving average of $18.92. The company has a market capitalization of $1.08 billion, a P/E ratio of 10.22 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting analysts' consensus estimates 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 company posted $0.36 EPS. On average, analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid 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 4.69%. Safehold's payout ratio is presently 47.30%.

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.