Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. purchased 36,338 shares of the company’s stock in a transaction on Friday, September 1st. The stock was acquired at an average cost of $19.73 per share, for a total transaction of $716,948.74. Following the completion of the transaction, the insider now owns 5,908,572 shares in the company, valued at $116,576,125.56. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 30th, Istar Inc. purchased 66,970 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $19.57 per share, for a total transaction of $1,310,602.90.
  • On Friday, August 25th, Istar Inc. purchased 88,376 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $19.41 per share, for a total transaction of $1,715,378.16.
  • On Tuesday, August 22nd, Istar Inc. purchased 51,503 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $19.42 per share, for a total transaction of $1,000,188.26.
  • On Friday, August 18th, Istar Inc. purchased 40,061 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $19.66 per share, for a total transaction of $787,599.26.
  • On Wednesday, August 16th, Istar Inc. purchased 93,367 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $19.34 per share, for a total transaction of $1,805,717.78.
  • On Friday, August 11th, Istar Inc. purchased 79,772 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $18.99 per share, for a total transaction of $1,514,870.28.
  • On Wednesday, August 9th, Istar Inc. purchased 119,658 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $18.96 per share, for a total transaction of $2,268,715.68.
  • On Friday, August 4th, Istar Inc. purchased 76,136 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $18.85 per share, for a total transaction of $1,435,163.60.
  • On Wednesday, August 2nd, Istar Inc. purchased 114,292 shares of Safetyome & Growth stock. The stock was acquired at an average cost 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 shares were purchased at an average cost of $18.55 per share, for a total transaction of $1,808,606.45.

Shares of Safety Income & Growth Inc (NASDAQ SAFE) opened at 19.63 on Monday. 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 price is $19.18 and its 200 day moving average price is $19.22. The firm has a market cap of $357.07 million and a price-to-earnings ratio of 117.54.

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Several brokerages have recently weighed in on SAFE. Mizuho began coverage on Safetyome & Growth in a report on Wednesday, August 30th. They set a “neutral” rating and a $20.00 price objective on the stock. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Raymond James Financial, Inc. began coverage on Safetyome & Growth in a report on Tuesday, July 18th. They set a “market perform” rating on the stock. UBS AG began coverage on Safetyome & Growth in a report on Monday, July 17th. They set a “market perform” rating on the stock. Finally, J P Morgan Chase & Co began coverage on Safetyome & Growth in a report on Monday, July 17th. They set a “neutral” rating and a $21.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $20.80.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pinnacle Associates Ltd. bought a new position in shares of Safetyome & Growth during the second quarter worth approximately $196,000. Salem Investment Counselors Inc. bought a new position in shares of Safetyome & Growth during the second quarter worth approximately $479,000. Goldman Sachs Group Inc. bought a new position in shares of Safetyome & Growth during the second quarter worth approximately $1,420,000. Macquarie Group Ltd. bought a new position in shares of Safetyome & Growth during the second quarter worth approximately $2,873,000. Finally, Forward Management LLC bought a new position in shares of Safetyome & Growth during the second quarter worth approximately $4,213,000.

About Safetyome & Growth

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

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