Safehold Inc. (NYSE:SAFE) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Safehold Inc. (NYSE:SAFE) by 76.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,711 shares of the company’s stock after acquiring an additional 9,400 shares during the quarter. Intech Investment Management LLC’s holdings in Safehold were worth $569,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after purchasing an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after buying an additional 471 shares during the last quarter. KBC Group NV increased its stake in Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after buying an additional 1,275 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new position in shares of Safehold during the third quarter valued at approximately $234,000. Finally, abrdn plc purchased a new position in shares of Safehold in the third quarter valued at approximately $271,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAFE. The Goldman Sachs Group dropped their target price on shares of Safehold from $38.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Truist Financial upped their price objective on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research note on Thursday, September 19th. Wedbush restated a “neutral” rating and issued a $23.00 price target (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.22.

Safehold Price Performance

Shares of NYSE:SAFE opened at $21.36 on Monday. Safehold Inc. has a 52 week low of $17.91 and a 52 week high of $28.80. The company has a 50-day moving average price of $23.00 and a 200 day moving average price of $22.22. The company has a market cap of $1.53 billion, a P/E ratio of 12.56 and a beta of 1.68. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The business had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Research analysts predict that Safehold Inc. will post 1.56 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Monday, September 30th. Safehold’s dividend payout ratio (DPR) is presently 41.76%.

Safehold Profile

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.