Safehold Inc. (NYSE:SAFE) Major Shareholder Acquires $499,938.57 in Stock

Safehold Inc. (NYSE:SAFE) major shareholder Istar Inc. bought 6,999 shares of the firm’s stock in a transaction on Wednesday, January 12th. The stock was purchased at an average cost of $71.43 per share, with a total value of $499,938.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 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, January 14th, Istar Inc. purchased 7,140 shares of Safehold stock. The stock was purchased at an average price of $70.01 per share, with a total value of $499,871.40.
  • On Friday, January 7th, Istar Inc. purchased 6,962 shares of Safehold stock. The stock was purchased at an average price of $71.81 per share, with a total value of $499,941.22.
  • On Wednesday, January 5th, Istar Inc. bought 6,430 shares of Safehold stock. The shares were bought at an average price of $77.75 per share, with a total value of $499,932.50.
  • On Monday, January 3rd, Istar Inc. bought 6,287 shares of Safehold stock. The shares were bought at an average price of $79.51 per share, with a total value of $499,879.37.
  • On Wednesday, December 29th, Istar Inc. bought 6,454 shares of Safehold stock. The shares were bought at an average price of $77.45 per share, with a total value of $499,862.30.
  • On Friday, November 12th, Istar Inc. bought 13,522 shares of Safehold stock. The shares were bought at an average price of $73.94 per share, with a total value of $999,816.68.
  • On Monday, December 27th, Istar Inc. bought 6,507 shares of Safehold stock. The shares were bought at an average price of $76.82 per share, with a total value of $499,867.74.
  • On Wednesday, December 22nd, Istar Inc. bought 6,615 shares of Safehold stock. The shares were bought at an average price of $75.57 per share, with a total value of $499,895.55.
  • On Monday, December 20th, Istar Inc. bought 7,069 shares of Safehold stock. The shares were bought at an average price of $70.72 per share, with a total value of $499,919.68.
  • On Friday, December 17th, Istar Inc. purchased 6,786 shares of Safehold stock. The shares were acquired at an average cost of $73.66 per share, for a total transaction of $499,856.76.

Safehold stock opened at $70.60 on Friday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 55.59 and a beta of -0.27. The firm’s fifty day moving average is $73.41 and its 200 day moving average is $79.14. Safehold Inc. has a 52-week low of $66.36 and a 52-week high of $95.29.

Safehold (NYSE:SAFE) last announced its earnings results on Thursday, October 21st. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. Safehold had a net margin of 38.37% and a return on equity of 4.57%. The business had revenue of $47.28 million for the quarter, compared to the consensus estimate of $47.12 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, sell-side analysts anticipate that Safehold Inc. will post 1.35 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Monday, January 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, December 31st. Safehold’s dividend payout ratio is currently 53.54%.

Separately, Zacks Investment Research raised shares of Safehold from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Saturday, December 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $84.51.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Safehold by 10.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,128 shares of the company’s stock valued at $88,000 after acquiring an additional 110 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Safehold by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 2,044 shares of the company’s stock valued at $160,000 after acquiring an additional 124 shares during the period. Daiwa Securities Group Inc. increased its stake in Safehold by 4.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,473 shares of the company’s stock worth $250,000 after buying an additional 145 shares during the period. Voya Investment Management LLC increased its stake in Safehold by 2.8% in the 3rd quarter. Voya Investment Management LLC now owns 7,613 shares of the company’s stock worth $547,000 after buying an additional 204 shares during the period. Finally, Stifel Financial Corp increased its stake in Safehold by 1.2% in the 2nd quarter. Stifel Financial Corp now owns 18,021 shares of the company’s stock worth $1,415,000 after buying an additional 220 shares during the period. 25.61% of the stock is currently owned by institutional investors and hedge funds.

About Safehold

Safehold Inc operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The firm’s property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures.

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Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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