Corient Private Wealth LLC Boosts Holdings in Safehold Inc. (NYSE:SAFE)

Corient Private Wealth LLC increased its position in shares of Safehold Inc. (NYSE:SAFE) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,260 shares of the company’s stock after buying an additional 924 shares during the quarter. Corient Private Wealth LLC’s holdings in Safehold were worth $264,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,020 shares during the period. Vestcor Inc acquired a new stake in shares of Safehold during the 3rd quarter worth about $110,000. FMR LLC increased its position in shares of Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after purchasing an additional 1,163 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock valued at $156,000 after buying an additional 1,173 shares during the period. Finally, Sage Investment Counsel LLC acquired a new position in Safehold in the fourth quarter valued at about $186,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Stock Up 3.6 %

Safehold stock opened at $18.74 on Tuesday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 12.66 and a beta of 1.75. The stock’s fifty day simple moving average is $17.65 and its 200-day simple moving average is $20.26. Safehold Inc. has a twelve month low of $15.55 and a twelve month high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82.

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

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.177 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 3.78%. Safehold’s dividend payout ratio is currently 47.30%.

Analysts Set New Price Targets

SAFE has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Safehold in a research note on Monday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.67.

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.