Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. purchased 66,970 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average cost of $19.57 per share, for a total transaction of $1,310,602.90. Following the purchase, the insider now directly owns 5,872,234 shares in the company, valued at approximately $114,919,619.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, August 25th, Istar Inc. acquired 88,376 shares of Safetyome & Growth stock. The stock was purchased at an average price of $19.41 per share, for a total transaction of $1,715,378.16.
  • On Tuesday, August 22nd, Istar Inc. acquired 51,503 shares of Safetyome & Growth stock. The stock was purchased at an average price of $19.42 per share, for a total transaction of $1,000,188.26.
  • On Friday, August 18th, Istar Inc. acquired 40,061 shares of Safetyome & Growth stock. The stock was purchased at an average price of $19.66 per share, for a total transaction of $787,599.26.
  • On Wednesday, August 16th, Istar Inc. acquired 93,367 shares of Safetyome & Growth stock. The stock was purchased at an average price of $19.34 per share, for a total transaction of $1,805,717.78.
  • On Friday, August 11th, Istar Inc. acquired 79,772 shares of Safetyome & Growth stock. The stock was purchased at an average price of $18.99 per share, for a total transaction of $1,514,870.28.
  • On Wednesday, August 9th, Istar Inc. acquired 119,658 shares of Safetyome & Growth stock. The stock was purchased at an average price of $18.96 per share, for a total transaction of $2,268,715.68.
  • On Friday, August 4th, Istar Inc. acquired 76,136 shares of Safetyome & Growth stock. The stock was purchased at an average price of $18.85 per share, for a total transaction of $1,435,163.60.
  • On Wednesday, August 2nd, Istar Inc. acquired 114,292 shares of Safetyome & Growth stock. The stock was purchased at an average price of $18.49 per share, for a total transaction of $2,113,259.08.
  • On Friday, July 28th, Istar Inc. acquired 97,499 shares of Safetyome & Growth stock. The stock was purchased at an average price of $18.55 per share, for a total transaction of $1,808,606.45.
  • On Tuesday, July 25th, Istar Inc. acquired 19,600 shares of Safetyome & Growth stock. The stock was purchased at an average price of $19.25 per share, for a total transaction of $377,300.00.

Safety Income & Growth Inc (NASDAQ SAFE) traded up 0.534% on Friday, hitting $19.755. The stock had a trading volume of 141,531 shares. The stock has a market cap of $359.34 million and a price-to-earnings ratio of 118.293. Safety Income & Growth Inc has a one year low of $18.02 and a one year high of $20.00. The stock’s 50 day moving average is $19.18 and its 200 day moving average is $19.21.

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A number of research analysts have weighed in on the company. Mizuho assumed coverage on Safetyome & Growth in a report on Wednesday. They issued a “neutral” rating and a $20.00 price objective on the stock. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Raymond James Financial, Inc. assumed coverage on Safetyome & Growth in a report on Tuesday, July 18th. They issued a “market perform” rating on the stock. UBS AG assumed coverage on Safetyome & Growth in a report on Monday, July 17th. They issued a “market perform” rating on the stock. Finally, J P Morgan Chase & Co assumed coverage on Safetyome & Growth in a report on Monday, July 17th. They set a “neutral” rating and a $21.00 price target on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.80.

Several hedge funds have recently bought and sold shares of SAFE. State of New Jersey Common Pension Fund D bought a new stake in Safetyome & Growth during the second quarter worth approximately $6,703,000. Forward Management LLC bought a new stake in Safetyome & Growth during the second quarter worth approximately $4,213,000. Macquarie Group Ltd. bought a new stake in Safetyome & Growth during the second quarter worth approximately $2,873,000. Goldman Sachs Group Inc. bought a new stake in Safetyome & Growth during the second quarter worth approximately $1,420,000. Finally, Salem Investment Counselors Inc. bought a new stake in Safetyome & Growth during the second quarter worth approximately $479,000.

About Safetyome & Growth

Insider Buying and Selling by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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