Safety, Income and Growth, Inc. (NYSE:SAFE) major shareholder Istar Inc. purchased 42,439 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $18.02 per share, for a total transaction of $764,750.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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 Monday, November 13th, Istar Inc. purchased 38,592 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $691,182.72.
  • On Friday, September 22nd, Istar Inc. purchased 55,771 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $19.33 per share, for a total transaction of $1,078,053.43.
  • On Wednesday, September 20th, Istar Inc. purchased 80,402 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $19.24 per share, for a total transaction of $1,546,934.48.
  • On Monday, September 18th, Istar Inc. purchased 67,566 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $19.37 per share, for a total transaction of $1,308,753.42.
  • On Thursday, September 14th, Istar Inc. purchased 115,561 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $19.54 per share, for a total transaction of $2,258,061.94.
  • On Thursday, September 7th, Istar Inc. purchased 72,960 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $19.59 per share, for a total transaction of $1,429,286.40.
  • On Friday, September 1st, Istar Inc. purchased 36,338 shares of Safety, Income and Growth stock. The stock was purchased at an average cost of $19.73 per share, for a total transaction of $716,948.74.
  • On Wednesday, August 30th, Istar Inc. purchased 66,970 shares of Safety, Income and Growth stock. The stock was purchased 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 Safety, Income and Growth stock. The stock was purchased 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 Safety, Income and Growth stock. The stock was purchased at an average cost of $19.42 per share, for a total transaction of $1,000,188.26.

Safety, Income and Growth, Inc. (NYSE:SAFE) opened at $18.20 on Friday. Safety, Income and Growth, Inc. has a 12 month low of $17.27 and a 12 month high of $20.00.

Safety, Income and Growth (NYSE:SAFE) last released its earnings results on Thursday, October 26th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.16). The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.86 million. research analysts expect that Safety, Income and Growth, Inc. will post 0.47 EPS for the current fiscal year.

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Several research analysts have recently weighed in on SAFE shares. Zacks Investment Research cut shares of Safety, Income and Growth from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safety, Income and Growth in a report on Tuesday, October 31st. Mizuho started coverage on shares of Safety, Income and Growth in a report on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Bank of America Corporation decreased their price target on shares of Safety, Income and Growth from $20.00 to $18.90 and set a “neutral” rating on the stock in a report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Safety, Income and Growth has an average rating of “Hold” and an average target price of $20.58.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAFE. Cubist Systematic Strategies LLC bought a new position in Safety, Income and Growth in the third quarter valued at $170,000. Pinnacle Associates Ltd. bought a new position in Safety, Income and Growth in the second quarter valued at $196,000. Schwab Charles Investment Management Inc. bought a new position in Safety, Income and Growth in the third quarter valued at $215,000. Strs Ohio bought a new position in Safety, Income and Growth in the third quarter valued at $299,000. Finally, California State Teachers Retirement System bought a new position in Safety, Income and Growth in the third quarter valued at $313,000. 43.86% of the stock is currently owned by institutional investors and hedge funds.

Safety, Income and Growth Company Profile

Insider Buying and Selling by Quarter for Safety, Income and Growth (NYSE:SAFE)

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