SG Americas Securities LLC Increases Stock Position in Safehold Inc. $SAFE

SG Americas Securities LLC lifted its position in shares of Safehold Inc. (NYSE:SAFE) by 237.0% during the first quarter, Holdings Channel reports. The firm owned 279,205 shares of the company’s stock after acquiring an additional 196,345 shares during the period. SG Americas Securities LLC’s holdings in Safehold were worth $3,778,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Long Pond Capital LP bought a new position in Safehold in the 4th quarter valued at $12,936,000. Michelson Medical Research Foundation Inc. bought a new stake in shares of Safehold during the 2nd quarter worth $4,629,000. Deutsche Bank AG boosted its stake in Safehold by 339.9% in the fourth quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after acquiring an additional 285,920 shares during the last quarter. Algert Global LLC lifted its stake in Safehold by 137.4% in the third quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after purchasing an additional 281,478 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Safehold by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock worth $21,859,000 after acquiring an additional 279,664 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on SAFE shares. Royal Bank Of Canada downgraded shares of Safehold from a “market outperform” rating to a “sector perform” rating and dropped their price objective for the company from $18.00 to $16.00 in a report on Friday, May 1st. Mizuho boosted their price target on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Safehold from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Zacks Research cut shares of Safehold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Safehold currently has a consensus rating of “Hold” and an average price target of $18.75.

Safehold Trading Down 1.0%

Shares of SAFE stock opened at $16.28 on Tuesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. Safehold Inc. has a 52-week low of $12.76 and a 52-week high of $17.16. The company has a market capitalization of $1.17 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.81. The business’s fifty day moving average is $15.31 and its 200 day moving average is $14.83.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, April 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Safehold had a return on equity of 4.78% and a net margin of 28.58%.The business had revenue of $110.85 million for the quarter, compared to analysts’ expectations of $96.51 million. On average, equities research analysts anticipate that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is 44.65%.

Safehold Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.