119,956 Shares in Safehold Inc. (NYSE:SAFE) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Safehold Inc. (NYSE:SAFE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 119,956 shares of the company’s stock, valued at approximately $2,217,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAFE. State Street Corp grew its holdings in Safehold by 2.0% in the third quarter. State Street Corp now owns 2,618,033 shares of the company’s stock valued at $69,131,000 after purchasing an additional 51,035 shares during the last quarter. Geode Capital Management LLC grew its stake in Safehold by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock valued at $32,734,000 after acquiring an additional 38,074 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Safehold by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company’s stock valued at $13,251,000 after acquiring an additional 29,348 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Safehold by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after acquiring an additional 91,965 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Safehold by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company’s stock worth $8,053,000 after acquiring an additional 7,437 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on SAFE shares. The Goldman Sachs Group reduced their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Wedbush reaffirmed a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Finally, Morgan Stanley downgraded shares of Safehold from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.56.

Safehold Trading Up 2.4 %

Shares of Safehold stock opened at $18.65 on Monday. The firm has a market cap of $1.33 billion, a PE ratio of 12.60 and a beta of 1.75. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The business’s fifty day moving average is $17.23 and its two-hundred day moving average is $20.98.

Safehold (NYSE:SAFE) last released 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 quarter in the prior year, the firm earned $0.36 EPS. Analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.177 per share. The ex-dividend date was Monday, December 30th. This represents a $0.71 annualized dividend and a yield of 3.80%. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

Safehold Company 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.