T. Rowe Price Investment Management Inc. Boosts Position in Safehold Inc. (NYSE:SAFE)

T. Rowe Price Investment Management Inc. boosted its position in Safehold Inc. (NYSE:SAFE - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,266,769 shares of the company's stock after buying an additional 336,458 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 5.97% of Safehold worth $78,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Safehold by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company's stock worth $17,369,000 after purchasing an additional 91,965 shares in the last quarter. Barclays PLC boosted its position 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. SG Americas Securities LLC raised its stake in shares of Safehold by 265.4% during the 4th quarter. SG Americas Securities LLC now owns 24,071 shares of the company's stock worth $445,000 after buying an additional 17,484 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Safehold during the 4th quarter worth approximately $306,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Safehold by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company's stock worth $13,251,000 after buying an additional 29,348 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Safehold Trading Down 0.7 %

Shares of NYSE SAFE traded down $0.12 during mid-day trading on Thursday, reaching $15.63. 78,751 shares of the company's stock were exchanged, compared to its average volume of 396,206. The company's 50-day moving average is $17.17 and its 200-day moving average is $18.67. Safehold Inc. has a 52-week low of $13.68 and a 52-week high of $28.80. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59.

Safehold (NYSE:SAFE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting 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 in the previous year, the firm posted $0.36 earnings per share. Analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, March 31st. Safehold's payout ratio is presently 47.30%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SAFE shares. Morgan Stanley reduced their price objective on Safehold from $19.00 to $17.00 and set an "equal weight" rating for the company in a research note on Tuesday. Wedbush restated a "neutral" rating and issued a $20.00 target price on shares of Safehold in a report on Monday, March 31st. Mizuho dropped their target price on Safehold from $25.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their target price on Safehold from $29.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Four research 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, Safehold currently has a consensus rating of "Moderate Buy" and an average price target of $25.25.

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.