Safehold (NYSE:SAFE) Director Robin Josephs Sells 9,500 Shares of Stock

Safehold Inc. (NYSE:SAFE) Director Robin Josephs sold 9,500 shares of Safehold stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $14.56, for a total transaction of $138,320.00. Following the completion of the transaction, the director directly owned 89,068 shares in the company, valued at approximately $1,296,830.08. This represents a 9.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Safehold Stock Performance

Shares of Safehold stock traded down $0.35 on Friday, reaching $14.01. The stock had a trading volume of 497,384 shares, compared to its average volume of 350,503. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. The business’s 50-day moving average price is $15.81 and its two-hundred day moving average price is $15.35. The stock has a market cap of $991.92 million, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 4.36 and a beta of 1.73. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $17.45.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. Safehold had a net margin of 27.70% and a return on equity of 4.76%. On average, sell-side analysts forecast that Safehold Inc. will post 1.64 EPS for the current year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, June 30th. Safehold’s dividend payout ratio is 43.21%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAFE. Weiss Ratings upgraded Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research upgraded shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group cut their price target on Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAFE. Legal & General Group Plc acquired a new stake in shares of Safehold during the 2nd quarter worth about $4,603,000. BlackRock Inc. grew its stake in Safehold by 2.1% during the second quarter. BlackRock Inc. now owns 9,938,575 shares of the company’s stock worth $156,036,000 after buying an additional 200,628 shares during the last quarter. Man Group plc acquired a new stake in shares of Safehold during the second quarter worth approximately $1,540,000. Infrastructure Capital Advisors LLC bought a new position in shares of Safehold in the second quarter valued at approximately $1,138,000. Finally, Hsbc Holdings PLC bought a new position in shares of Safehold in the second quarter valued at approximately $1,726,000. 70.38% of the stock is owned by institutional investors.

About Safehold

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.