Quantbot Technologies LP Acquires New Holdings in Safehold Inc. (NYSE:SAFE)

Quantbot Technologies LP bought a new position in Safehold Inc. (NYSE:SAFE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,453 shares of the company’s stock, valued at approximately $304,000.

Several other large investors have also recently bought and sold shares of SAFE. Smartleaf Asset Management LLC increased its holdings in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 1,020 shares during the period. Vestcor Inc purchased a new stake in shares of Safehold in the 3rd quarter valued at about $110,000. FMR LLC boosted its position in shares of Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after acquiring an additional 1,163 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock worth $156,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Sage Investment Counsel LLC bought a new position in shares of Safehold in the fourth quarter worth approximately $186,000. 70.38% of the stock is owned by institutional investors.

Safehold Stock Performance

NYSE SAFE opened at $18.06 on Friday. The company has a 50-day simple moving average of $17.61 and a two-hundred day simple moving average of $20.34. Safehold Inc. has a 12-month low of $15.55 and a 12-month high of $28.80. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 12.20 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 (NYSE:SAFE) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share 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 quarter in the previous year, the firm posted $0.36 earnings per share. On average, equities analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, March 31st. Safehold’s dividend payout ratio is 47.30%.

Wall Street Analyst Weigh In

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

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.