Proficio Capital Partners LLC Takes Position in Safehold Inc. (NYSE:SAFE)

Proficio Capital Partners LLC acquired a new position in Safehold Inc. (NYSE:SAFE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,558 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds have also bought and sold shares of SAFE. M&T Bank Corp lifted its position in shares of Safehold by 3.4% during the fourth quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock worth $509,000 after acquiring an additional 899 shares in the last quarter. 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 valued at $13,251,000 after purchasing an additional 29,348 shares during the period. B&I Capital AG boosted its stake in Safehold by 75.3% in the 4th 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 during the period. Smartleaf Asset Management LLC grew its holdings in Safehold by 268.4% during the 4th 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 in the last quarter. Finally, Sage Investment Counsel LLC purchased a new position in Safehold during the 4th quarter valued at about $186,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Safehold from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. The Goldman Sachs Group lowered their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Finally, Wedbush restated a “neutral” rating and set 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.56.

Safehold Stock Up 1.3 %

Shares of NYSE:SAFE opened at $18.02 on Thursday. The firm has a market capitalization of $1.29 billion, a PE ratio of 12.18 and a beta of 1.75. 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 Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The firm has a fifty day moving average of $17.57 and a 200 day moving average of $20.44.

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

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Monday, March 31st. 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.