Safehold Inc. (NYSE:SAFE) Holdings Lessened by NewEdge Wealth LLC

NewEdge Wealth LLC decreased its holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,633,417 shares of the company's stock after selling 115,748 shares during the period. Safehold accounts for approximately 1.6% of NewEdge Wealth LLC's holdings, making the stock its 6th biggest holding. NewEdge Wealth LLC owned 3.71% of Safehold worth $61,622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its position in Safehold by 17.8% during the second quarter. FMR LLC now owns 1,643 shares of the company's stock valued at $58,000 after acquiring an additional 248 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Safehold by 2.0% during the 1st quarter. Yousif Capital Management LLC now owns 12,876 shares of the company's stock valued at $714,000 after purchasing an additional 250 shares during the last quarter. Royal Bank of Canada raised its position in Safehold by 6.0% in the 3rd quarter. Royal Bank of Canada now owns 6,043 shares of the company's stock worth $160,000 after purchasing an additional 340 shares during the period. AQR Capital Management LLC raised its position in Safehold by 2.8% in the 2nd quarter. AQR Capital Management LLC now owns 12,546 shares of the company's stock worth $444,000 after purchasing an additional 344 shares during the period. Finally, Point72 Hong Kong Ltd lifted its stake in Safehold by 17.5% in the first quarter. Point72 Hong Kong Ltd now owns 2,953 shares of the company's stock worth $164,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Mizuho decreased their target price on Safehold from $25.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. The Goldman Sachs Group boosted their price objective on shares of Safehold from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Jefferies Financial Group assumed coverage on shares of Safehold in a research report on Thursday, January 4th. They set a "buy" rating and a $33.00 target price on the stock. JMP Securities assumed coverage on Safehold in a report on Tuesday, January 23rd. They issued an "outperform" rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. reissued a "market outperform" rating and issued a $35.00 price objective on shares of Safehold in a research note on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.80.

Safehold Stock Performance

Shares of NYSE:SAFE traded down $0.24 on Friday, hitting $19.07. 456,302 shares of the company were exchanged, compared to its average volume of 351,408. The firm has a market capitalization of $1.36 billion, a P/E ratio of -23.54 and a beta of 1.46. 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 Inc. has a 1-year low of $15.00 and a 1-year high of $30.00. The stock's 50 day moving average price is $20.30 and its 200 day moving average price is $19.81.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $103.00 million during the quarter, compared to analysts' expectations of $84.89 million. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The company's revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period last year, the business posted ($6.00) earnings per share. Sell-side analysts predict that Safehold Inc. will post 1.52 EPS for the current year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.177 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.71 annualized dividend and a dividend yield of 3.71%. Safehold's dividend payout ratio (DPR) is presently -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.

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