Safety Income & Growth Inc (NASDAQ:SAFE) CFO Geoffrey G. Jervis purchased 819 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were bought at an average price of $19.24 per share, with a total value of $15,757.56. Following the purchase, the chief financial officer now directly owns 40,856 shares of the company’s stock, valued at $786,069.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Safety Income & Growth Inc (NASDAQ:SAFE) traded down 0.67% on Wednesday, reaching $19.27. The company had a trading volume of 238,319 shares. The stock has a 50 day moving average price of $19.27 and a 200-day moving average price of $19.27. The company has a market capitalization of $350.52 million and a price-to-earnings ratio of 115.39. Safety Income & Growth Inc has a 12 month low of $18.02 and a 12 month high of $20.00.

The firm also recently announced a special dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 29th.

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Several equities research analysts have recently commented on the company. Zacks Investment Research cut Safetyome & Growth from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Raymond James Financial, Inc. started coverage on Safetyome & Growth in a report on Tuesday, July 18th. They set a “market perform” rating on the stock. Mizuho started 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. Finally, UBS AG started coverage on Safetyome & Growth in a report on Monday, July 17th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.80.

Institutional investors have recently made changes to their positions in the business. Pinnacle Associates Ltd. bought a new stake in Safetyome & Growth during the 2nd quarter valued at $196,000. Salem Investment Counselors Inc. bought a new stake in Safetyome & Growth during the 2nd quarter valued at $479,000. Goldman Sachs Group Inc. bought a new stake in Safetyome & Growth during the 2nd quarter valued at $1,420,000. Macquarie Group Ltd. bought a new stake in Safetyome & Growth during the 2nd quarter valued at $2,873,000. Finally, Forward Management LLC bought a new stake in Safetyome & Growth during the 2nd quarter valued at $4,213,000.

Safetyome & Growth Company Profile

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

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