Strs Ohio Has $1.24 Million Stock Position in Safehold Inc. $SAFE

Strs Ohio lifted its stake in Safehold Inc. (NYSE:SAFE) by 169.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,964 shares of the company’s stock after acquiring an additional 50,300 shares during the quarter. Strs Ohio’s holdings in Safehold were worth $1,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Safehold by 1.2% in the first quarter. Vanguard Group Inc. now owns 7,817,950 shares of the company’s stock valued at $146,352,000 after acquiring an additional 93,236 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Safehold by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,305,041 shares of the company’s stock valued at $80,591,000 after acquiring an additional 38,272 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Safehold by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after acquiring an additional 15,280 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Safehold in the first quarter valued at about $6,552,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Safehold by 2.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 346,067 shares of the company’s stock valued at $6,478,000 after acquiring an additional 8,348 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analyst Ratings Changes

SAFE has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. Cantor Fitzgerald set a $17.00 price target on Safehold and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Mizuho lifted their price target on Safehold from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. reduced their price target on Safehold from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, July 9th. Finally, JMP Securities reduced their price target on Safehold from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.89.

Safehold Trading Down 0.9%

Shares of NYSE:SAFE opened at $14.34 on Thursday. Safehold Inc. has a 12-month low of $13.43 and a 12-month high of $21.90. The stock has a market cap of $1.03 billion, a PE ratio of 10.03, a P/E/G ratio of 1.31 and a beta of 1.87. The business has a 50 day moving average of $15.64 and a 200-day moving average of $15.37. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The company had revenue of $50.20 million during the quarter. As a group, equities research analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 30th. Safehold’s payout ratio is currently 48.95%.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.