Renaissance Technologies LLC Has $832,000 Position in Safehold Inc. (NYSE:SAFE)

Renaissance Technologies LLC increased its stake in shares of Safehold Inc. (NYSE:SAFE) by 62.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,119 shares of the company’s stock after acquiring an additional 16,557 shares during the period. Renaissance Technologies LLC owned about 0.06% of Safehold worth $832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP bought a new position in shares of Safehold during the second quarter worth approximately $333,000. Angeles Wealth Management LLC bought a new position in shares of Safehold during the second quarter worth approximately $585,000. Quest Partners LLC bought a new position in shares of Safehold during the second quarter worth approximately $225,000. Rhumbline Advisers increased its stake in shares of Safehold by 4.1% during the second quarter. Rhumbline Advisers now owns 167,142 shares of the company’s stock worth $3,224,000 after purchasing an additional 6,656 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Safehold during the second quarter worth approximately $204,000. Institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SAFE shares. The Goldman Sachs Group increased their price target on Safehold from $25.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Wedbush increased their price target on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Raymond James raised Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Thursday, September 19th. Finally, Truist Financial increased their price target on Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.56.

Safehold Trading Down 1.4 %

Shares of SAFE stock opened at $24.53 on Tuesday. The stock’s fifty day moving average price is $24.89 and its two-hundred day moving average price is $21.49. The company has a market cap of $1.75 billion, a PE ratio of -54.51 and a beta of 1.66. Safehold Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $28.80. 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 (NYSE:SAFE) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. The company had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $87.28 million. During the same period in the prior year, the company earned $0.35 EPS. Safehold’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that Safehold Inc. will post 1.59 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Monday, September 30th. Safehold’s payout ratio is -155.56%.

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.