Charles Schwab Investment Management Inc. Buys 29,348 Shares of Safehold Inc. (NYSE:SAFE)

Charles Schwab Investment Management Inc. increased its position in shares of Safehold Inc. (NYSE:SAFE) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 717,066 shares of the company’s stock after purchasing an additional 29,348 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Safehold were worth $13,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Safehold by 16.1% during the third 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 during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Safehold during the 3rd quarter worth $639,000. Barclays PLC lifted its position in shares of Safehold by 317.9% during the 3rd quarter. Barclays PLC now owns 85,932 shares of the company’s stock worth $2,254,000 after buying an additional 65,370 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Safehold by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock worth $32,734,000 after buying an additional 38,074 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Safehold by 265.4% in the fourth quarter. SG Americas Securities LLC now owns 24,071 shares of the company’s stock worth $445,000 after acquiring an additional 17,484 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Trading Down 0.7 %

NYSE:SAFE opened at $18.39 on Friday. 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 firm has a 50-day moving average of $17.48 and a 200-day moving average of $20.60. The company has a market cap of $1.31 billion, a PE ratio of 12.42 and a beta of 1.75. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) 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 company earned $0.36 earnings per share. As a group, equities research analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. The ex-dividend date is Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 3.85%. Safehold’s payout ratio is 47.30%.

Wall Street Analyst Weigh In

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

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.