Safehold Inc. (NYSE:SAFE) Stock Position Lifted by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in Safehold Inc. (NYSE:SAFE) by 421.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,026 shares of the company’s stock after purchasing an additional 36,385 shares during the quarter. AlphaQuest LLC’s holdings in Safehold were worth $832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Safehold by 266.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock worth $9,171,000 after purchasing an additional 254,227 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Safehold by 1,683.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock worth $4,209,000 after purchasing an additional 214,979 shares in the last quarter. B&I Capital AG grew its stake in shares of Safehold by 75.3% in the fourth quarter. B&I Capital AG now owns 417,503 shares of the company’s stock worth $7,715,000 after purchasing an additional 179,376 shares in the last quarter. Heitman Real Estate Securities LLC bought a new position in shares of Safehold in the third quarter worth $3,683,000. Finally, Edgestream Partners L.P. bought a new position in shares of Safehold in the fourth quarter worth $2,217,000. Institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Safehold Trading Up 3.1 %

Shares of SAFE opened at $19.23 on Tuesday. The business’s 50-day moving average price is $17.23 and its 200 day moving average price is $20.98. The stock has a market capitalization of $1.37 billion, a P/E ratio of 13.00 and a beta of 1.75. Safehold Inc. has a 1-year low of $15.55 and a 1-year high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates 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 company posted $0.36 EPS. Analysts expect that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 3.68%. Safehold’s dividend payout ratio is currently 47.30%.

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.