Amundi Grows Stock Holdings in Safehold Inc. (NYSE:SAFE)

Amundi grew its stake in shares of Safehold Inc. (NYSE:SAFE) by 39.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,549 shares of the company’s stock after acquiring an additional 14,130 shares during the period. Amundi’s holdings in Safehold were worth $916,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SAFE. State Street Corp raised its stake in shares of Safehold by 2.0% during the 3rd quarter. State Street Corp now owns 2,618,033 shares of the company’s stock valued at $69,131,000 after purchasing an additional 51,035 shares during the period. Geode Capital Management LLC grew its holdings in Safehold by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock valued at $32,734,000 after buying an additional 38,074 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Safehold by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company’s stock valued at $13,251,000 after buying an additional 29,348 shares during the period. JPMorgan Chase & Co. increased its position in shares of Safehold by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after buying an additional 91,965 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Safehold by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company’s stock worth $8,053,000 after buying an additional 7,437 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Safehold Trading Down 1.0 %

Shares of SAFE stock opened at $18.79 on Thursday. The business has a 50-day moving average price of $17.39 and a two-hundred day moving average price of $20.67. Safehold Inc. has a 12-month low of $15.55 and a 12-month high of $28.80. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a market cap of $1.34 billion, a P/E ratio of 12.70 and a beta of 1.75.

Safehold (NYSE:SAFE) last released its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the prior year, the business posted $0.36 earnings per share. Equities analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Monday, March 31st. Safehold’s payout ratio is presently 47.30%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Wedbush reaffirmed a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a report on Friday, February 7th. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Finally, Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.56.

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.