Safehold Inc. (NYSE:SAFE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its stake in Safehold Inc. (NYSE:SAFE) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,294 shares of the company’s stock after selling 539 shares during the period. Asset Management One Co. Ltd.’s holdings in Safehold were worth $1,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock valued at $47,000 after acquiring an additional 471 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Safehold by 7.5% during the first quarter. ProShare Advisors LLC now owns 9,728 shares of the company’s stock worth $200,000 after buying an additional 676 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $46,000 after acquiring an additional 920 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Safehold by 7.0% in the first quarter. Daiwa Securities Group Inc. now owns 14,463 shares of the company’s stock worth $298,000 after acquiring an additional 949 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Safehold by 4.7% in the first quarter. Illinois Municipal Retirement Fund now owns 25,658 shares of the company’s stock worth $529,000 after acquiring an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Trading Up 3.1 %

NYSE SAFE opened at $21.20 on Friday. The company’s fifty day simple moving average is $24.54 and its 200-day simple moving average is $22.05. Safehold Inc. has a 52 week low of $16.27 and a 52 week high of $28.80. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. The stock has a market cap of $1.51 billion, a P/E ratio of 12.47 and a beta of 1.68.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $90.70 million during the quarter, compared to analyst estimates of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Equities research analysts predict that Safehold Inc. will post 1.56 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.177 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.34%. Safehold’s dividend payout ratio (DPR) is presently 41.76%.

Wall Street Analyst Weigh In

SAFE has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on shares of Safehold from $38.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Thursday, September 19th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research report on Tuesday, October 29th. Finally, Mizuho lifted their price target on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.22.

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.