Safehold Inc. (NYSE:SAFE) Shares Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. boosted its stake in Safehold Inc. (NYSE:SAFE) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,641 shares of the company’s stock after acquiring an additional 10,768 shares during the period. Farmers & Merchants Investments Inc. owned 0.13% of Safehold worth $1,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Versant Capital Management Inc grew its position in Safehold by 197.7% in the 4th quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock valued at $33,000 after buying an additional 931 shares in the last quarter. GAMMA Investing LLC bought a new position in Safehold in the 4th quarter valued at about $33,000. Roble Belko & Company Inc bought a new position in Safehold in the 1st quarter valued at about $45,000. Fifth Third Bancorp grew its position in Safehold by 78.0% in the 4th quarter. Fifth Third Bancorp now owns 2,482 shares of the company’s stock valued at $58,000 after buying an additional 1,088 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Safehold by 195.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock valued at $81,000 after buying an additional 2,994 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAFE. Royal Bank of Canada reduced their price objective on shares of Safehold from $32.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Mizuho lowered shares of Safehold from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $20.00 in a research report on Friday, May 10th. The Goldman Sachs Group raised their price objective on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, June 28th. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.22.

Safehold Price Performance

NYSE SAFE opened at $18.49 on Wednesday. The company has a 50 day simple moving average of $19.14 and a 200-day simple moving average of $20.20. The company has a debt-to-equity ratio of 1.78, a current ratio of 42.51 and a quick ratio of 42.51. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -41.09 and a beta of 1.65. Safehold Inc. has a 52-week low of $15.00 and a 52-week high of $26.33.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $93.20 million for the quarter, compared to analyst estimates of $88.20 million. Safehold had a negative net margin of 7.87% and a positive return on equity of 4.43%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts predict that Safehold Inc. will post 1.53 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, June 28th. Safehold’s payout ratio is presently -157.78%.

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.