Safehold Inc. (NYSE:SAFE) Stock Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Safehold Inc. (NYSE:SAFE) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,190 shares of the company’s stock after acquiring an additional 3,812 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.07% of Safehold worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Safehold by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,861,603 shares of the company’s stock valued at $161,949,000 after purchasing an additional 141,245 shares during the period. Long Pond Capital LP raised its position in Safehold by 14.9% during the second quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock valued at $51,361,000 after buying an additional 345,661 shares during the period. Sei Investments Co. lifted its stake in Safehold by 3.2% in the 2nd quarter. Sei Investments Co. now owns 670,065 shares of the company’s stock worth $12,926,000 after acquiring an additional 20,483 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Safehold by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company’s stock worth $9,080,000 after acquiring an additional 34,404 shares during the period. Finally, Peregrine Capital Management LLC boosted its position in Safehold by 10.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 385,858 shares of the company’s stock worth $7,443,000 after acquiring an additional 35,046 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

SAFE has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and issued a $23.00 target price (down previously from $25.00) on shares of Safehold in a report on Monday, November 4th. Raymond James upgraded shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Thursday, September 19th. Truist Financial lifted their target price on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Monday, August 5th. The Goldman Sachs Group dropped their price target on shares of Safehold from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Safehold presently has a consensus rating of “Moderate Buy” and an average target price of $28.22.

Safehold Trading Up 2.4 %

Safehold stock opened at $20.51 on Wednesday. Safehold Inc. has a one year low of $17.91 and a one year high of $28.80. The company’s fifty day moving average price is $23.92 and its two-hundred day moving average price is $22.17. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.06 and a beta of 1.68. The company has a debt-to-equity ratio of 1.85, a current ratio of 37.83 and a quick ratio of 37.83.

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

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, September 30th. Safehold’s dividend payout ratio is currently 41.76%.

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.