Safehold Inc. (NYSE:SAFE) Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Safehold Inc. (NYSE:SAFE - Free Report) by 11.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,709,773 shares of the company's stock after acquiring an additional 816,033 shares during the period. Vanguard Group Inc. owned 10.85% of Safehold worth $137,234,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Safehold by 51.4% in the first quarter. BlackRock Inc. now owns 7,325,064 shares of the company's stock valued at $211,511,000 after purchasing an additional 2,487,183 shares during the last quarter. Bluefin Capital Management LLC bought a new position in Safehold during the first quarter valued at about $10,264,000. State Street Corp grew its position in Safehold by 43.9% during the first quarter. State Street Corp now owns 2,114,552 shares of the company's stock valued at $62,104,000 after buying an additional 645,322 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Safehold by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,241,562 shares of the company's stock valued at $64,154,000 after buying an additional 443,049 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Safehold by 539.9% during the first quarter. JPMorgan Chase & Co. now owns 474,127 shares of the company's stock valued at $13,926,000 after buying an additional 400,033 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SAFE shares. Royal Bank of Canada reduced their price target on shares of Safehold from $33.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, February 15th. JMP Securities initiated coverage on shares of Safehold in a research report on Tuesday, January 23rd. They set an "outperform" rating and a $35.00 target price for the company. JPMorgan Chase & Co. reiterated a "market outperform" rating and set a $35.00 target price on shares of Safehold in a research report on Tuesday, February 13th. The Goldman Sachs Group increased their target price on shares of Safehold from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Thursday, January 11th. Finally, Jefferies Financial Group initiated coverage on shares of Safehold in a research report on Thursday, January 4th. They set a "buy" rating and a $33.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Safehold currently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

Safehold Price Performance

Shares of SAFE stock traded up $0.44 during trading hours on Wednesday, hitting $19.91. 374,123 shares of the company's stock were exchanged, compared to its average volume of 347,797. The company has a market capitalization of $1.42 billion, a PE ratio of -24.32 and a beta of 1.46. Safehold Inc. has a 12-month low of $15.00 and a 12-month high of $30.29. The business's 50 day simple moving average is $20.42 and its 200-day simple moving average is $19.78. The company has a current ratio of 36.61, a quick ratio of 36.61 and a debt-to-equity ratio of 1.78.

Safehold (NYSE:SAFE - Get Free Report) last issued its earnings results on Monday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Safehold had a negative net margin of 15.59% and a positive return on equity of 4.31%. The firm had revenue of $103.00 million for the quarter, compared to analysts' expectations of $84.89 million. During the same quarter last year, the business earned ($6.00) earnings per share. The business's revenue was up 40.3% on a year-over-year basis. On average, equities research analysts anticipate that Safehold Inc. will post 1.52 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, March 27th. Safehold's dividend payout ratio (DPR) is currently -87.65%.

Safehold 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.