Russell Investments Group Ltd. Sells 180,430 Shares of Safehold Inc. (NYSE:SAFE)

Russell Investments Group Ltd. reduced its holdings in Safehold Inc. (NYSE:SAFE - Free Report) by 93.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,883 shares of the company's stock after selling 180,430 shares during the quarter. Russell Investments Group Ltd.'s holdings in Safehold were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAFE. Smartleaf Asset Management LLC lifted its position in Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company's stock valued at $26,000 after buying an additional 1,020 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Safehold in the fourth quarter valued at about $169,000. Sage Investment Counsel LLC bought a new position in Safehold in the fourth quarter worth about $186,000. Finally, abrdn plc raised its stake in 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 %

NYSE:SAFE traded up $0.15 during trading hours on Wednesday, reaching $15.77. The company's stock had a trading volume of 357,558 shares, compared to its average volume of 397,457. Safehold Inc. has a one year low of $13.68 and a one year high of $28.80. The business's 50-day moving average is $17.17 and its 200-day moving average is $18.67. 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 company has a market cap of $1.13 billion, a price-to-earnings ratio of 10.66 and a beta of 1.63.

Safehold (NYSE:SAFE - Get Free Report) last posted its earnings results 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 return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the company posted $0.36 earnings per share. Equities research analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

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

Analysts Set New Price Targets

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

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.