Tidal Investments LLC Acquires New Holdings in Safehold Inc. (NYSE:SAFE)

Tidal Investments LLC bought a new position in shares of Safehold Inc. (NYSE:SAFE) in the third quarter, Holdings Channel reports. The firm bought 14,112 shares of the company’s stock, valued at approximately $370,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Long Pond Capital LP boosted its holdings in shares of Safehold by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock worth $51,361,000 after buying an additional 345,661 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Safehold by 266.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock valued at $9,171,000 after acquiring an additional 254,227 shares during the period. Heitman Real Estate Securities LLC acquired a new stake in shares of Safehold in the third quarter valued at about $3,683,000. HGI Capital Management LLC increased its stake in shares of Safehold by 74.5% in the third quarter. HGI Capital Management LLC now owns 212,887 shares of the company’s stock worth $5,584,000 after purchasing an additional 90,866 shares during the period. Finally, 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 purchasing an additional 65,370 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Price Performance

Shares of Safehold stock opened at $19.00 on Tuesday. Safehold Inc. has a twelve month low of $17.91 and a twelve month high of $28.80. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. The firm has a market cap of $1.36 billion, a P/E ratio of 11.18 and a beta of 1.66. The firm’s 50-day simple moving average is $21.40 and its 200-day simple moving average is $22.35.

Safehold (NYSE:SAFE) last released 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 company had revenue of $90.70 million for the quarter, compared to the consensus estimate of $89.45 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that Safehold Inc. will post 1.56 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.177 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.71 annualized dividend and a yield of 3.73%. Safehold’s dividend payout ratio is currently 41.18%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SAFE shares. Royal Bank of Canada raised their target price on Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Thursday, September 19th. Mizuho increased their price target on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Safehold from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.22.

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.