Safehold Inc. (NYSE:SAFE) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. reduced its stake in Safehold Inc. (NYSE:SAFE) by 31.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,849 shares of the company’s stock after selling 3,551 shares during the quarter. Point72 Asset Management L.P.’s holdings in Safehold were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Long Pond Capital LP increased its stake in Safehold by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock valued at $51,361,000 after purchasing an additional 345,661 shares in the last quarter. Sei Investments Co. raised its stake in Safehold by 62.4% in the 1st quarter. Sei Investments Co. now owns 649,582 shares of the company’s stock worth $13,381,000 after acquiring an additional 249,500 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in Safehold during the 4th quarter worth about $5,005,000. Edgestream Partners L.P. purchased a new stake in Safehold during the 1st quarter valued at about $4,400,000. Finally, Vanguard Group Inc. increased its holdings in shares of Safehold by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,861,603 shares of the company’s stock valued at $161,949,000 after purchasing an additional 141,245 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Stock Down 2.5 %

SAFE opened at $24.89 on Friday. The company has a fifty day moving average of $24.85 and a two-hundred day moving average of $21.46. The company has a debt-to-equity ratio of 1.76, a quick ratio of 38.83 and a current ratio of 38.83. Safehold Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $28.80. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -55.31 and a beta of 1.66.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Monday, July 29th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $87.28 million. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. Safehold’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, research analysts expect that Safehold Inc. will post 1.59 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.177 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 2.84%. Safehold’s dividend payout ratio is currently -155.56%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SAFE shares. Wedbush lifted their target price on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. 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 report 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 for the company in a report on Thursday, September 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Safehold from $25.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.56.

Safehold Company 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.