Natixis Advisors L.P. Has $1.39 Million Stock Holdings in Safehold Inc. (NYSE:SAFE)

Natixis Advisors L.P. grew its position in Safehold Inc. (NYSE:SAFE - Free Report) by 372.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,278 shares of the company's stock after purchasing an additional 46,735 shares during the quarter. Natixis Advisors L.P. owned approximately 0.08% of Safehold worth $1,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. lifted its holdings in shares of Safehold by 544,990.9% in the 4th quarter. Russell Investments Group Ltd. now owns 179,880 shares of the company's stock valued at $4,209,000 after purchasing an additional 179,847 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Safehold by 20.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 572,894 shares of the company's stock valued at $10,198,000 after purchasing an additional 97,166 shares during the last quarter. Monashee Investment Management LLC purchased a new stake in shares of Safehold in the 3rd quarter valued at about $3,480,000. Jump Financial LLC purchased a new stake in shares of Safehold in the 3rd quarter valued at about $884,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Safehold in the 3rd quarter valued at about $1,322,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Price Performance

Shares of SAFE traded down $0.38 on Thursday, reaching $20.40. The stock had a trading volume of 182,541 shares, compared to its average volume of 341,330. The firm has a market capitalization of $1.46 billion, a PE ratio of -45.33 and a beta of 1.48. The company has a quick ratio of 42.51, a current ratio of 42.51 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average of $19.65 and a 200 day moving average of $20.26. Safehold Inc. has a twelve month low of $15.00 and a twelve month high of $27.96.

Safehold (NYSE:SAFE - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.04. The business had revenue of $93.20 million for the quarter, compared to analysts' expectations of $88.20 million. Safehold had a positive return on equity of 4.43% and a negative net margin of 7.87%. The company's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Sell-side analysts expect that Safehold Inc. will post 1.54 EPS for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Wednesday, March 27th. Safehold's dividend payout ratio is currently -157.78%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SAFE. JPMorgan Chase & Co. dropped their price target on Safehold from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price target on Safehold from $32.00 to $29.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 8th. Mizuho cut Safehold from a "buy" rating to a "neutral" rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Friday, May 10th. Finally, JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of Safehold in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Safehold has an average rating of "Moderate Buy" and a consensus target price of $27.22.

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.