Mizuho initiated coverage on shares of Safety Income & Growth Inc (NASDAQ:SAFE) in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $20.00 target price on the stock.

A number of other brokerages have also weighed in on SAFE. J P Morgan Chase & Co assumed coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They set a neutral rating and a $21.00 target price for the company. Barclays PLC assumed coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They set an equal weight rating and a $21.00 target price for the company. Raymond James Financial, Inc. assumed coverage on shares of Safetyome & Growth in a research report on Tuesday, July 18th. They set a market perform rating for the company. UBS AG assumed coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They set a market perform rating for the company. Finally, Ladenburg Thalmann Financial Services assumed coverage on shares of Safetyome & Growth in a research report on Friday, July 14th. They set a buy rating and a $22.00 target price for the company. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average price target of $20.80.

Safetyome & Growth (SAFE) traded down 0.10% during mid-day trading on Wednesday, reaching $19.63. 160,961 shares of the company’s stock were exchanged. Safetyome & Growth has a 52-week low of $18.02 and a 52-week high of $20.00. The stock has a market cap of $357.07 million and a price-to-earnings ratio of 117.54. The company has a 50-day moving average of $19.18 and a 200-day moving average of $19.22.

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In other news, Director Robin Josephs acquired 11,250 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was bought at an average cost of $20.00 per share, for a total transaction of $225,000.00. Following the completion of the transaction, the director now owns 21,250 shares of the company’s stock, valued at $425,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Istar Inc. acquired 2,250,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average price of $20.00 per share, with a total value of $45,000,000.00. Following the completion of the transaction, the insider now directly owns 5,025,000 shares of the company’s stock, valued at approximately $100,500,000. The disclosure for this purchase can be found here. Insiders bought 3,260,104 shares of company stock valued at $64,370,068 over the last 90 days.

Several institutional investors have recently added to or reduced their stakes in SAFE. Macquarie Group Ltd. purchased a new position in Safetyome & Growth during the second quarter worth approximately $2,873,000. Goldman Sachs Group Inc. purchased a new position in Safetyome & Growth during the second quarter worth approximately $1,420,000. Salem Investment Counselors Inc. purchased a new position in Safetyome & Growth during the second quarter worth approximately $479,000. Balyasny Asset Management LLC purchased a new position in Safetyome & Growth during the second quarter worth approximately $4,286,000. Finally, V3 Capital Management L.P. purchased a new position in Safetyome & Growth during the second quarter worth approximately $8,139,000.

Safetyome & Growth Company Profile

Analyst Recommendations for Safetyome & Growth (NASDAQ:SAFE)

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