Safehold Inc. $SAFE Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Safehold Inc. (NYSE:SAFE) by 124.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,860 shares of the company’s stock after acquiring an additional 45,925 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of Safehold worth $1,134,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SAFE. Hantz Financial Services Inc. boosted its stake in shares of Safehold by 39.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,604 shares of the company’s stock valued at $40,000 after buying an additional 743 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after buying an additional 1,789 shares during the period. Advisory Services Network LLC purchased a new position in shares of Safehold in the 3rd quarter valued at about $57,000. Versant Capital Management Inc boosted its stake in shares of Safehold by 179.1% in the 3rd quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock valued at $65,000 after buying an additional 2,711 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Safehold by 98.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after buying an additional 2,393 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Safehold Price Performance

Shares of NYSE SAFE opened at $14.41 on Thursday. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. Safehold Inc. has a twelve month low of $12.76 and a twelve month high of $17.16. The stock has a 50 day moving average of $14.82 and a two-hundred day moving average of $14.53. The stock has a market cap of $1.04 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.37 and a beta of 1.84.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The company had revenue of $97.87 million during the quarter, compared to analysts’ expectations of $96.71 million. On average, 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 will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.177 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.9%. Safehold’s payout ratio is currently 44.38%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SAFE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research note on Thursday, January 22nd. Truist Financial lifted their price objective on Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research cut Safehold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, Morgan Stanley cut Safehold from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $16.00 to $14.00 in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Safehold presently has a consensus rating of “Hold” and an average target price of $19.25.

Safehold Company 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.