SG Americas Securities LLC Decreases Stock Holdings in Safehold Inc. (NYSE:SAFE)

SG Americas Securities LLC decreased its position in Safehold Inc. (NYSE:SAFE) by 57.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,587 shares of the company’s stock after selling 8,751 shares during the period. SG Americas Securities LLC’s holdings in Safehold were worth $173,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in Safehold by 10.7% in the second quarter. Truist Financial Corp now owns 21,179 shares of the company’s stock valued at $409,000 after purchasing an additional 2,040 shares during the period. Algert Global LLC grew its holdings in shares of Safehold by 7.3% in the second quarter. Algert Global LLC now owns 68,076 shares of the company’s stock valued at $1,313,000 after purchasing an additional 4,656 shares in the last quarter. 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 worth $51,361,000 after buying an additional 345,661 shares during the period. Public Sector Pension Investment Board increased its position in shares of Safehold by 6.5% during the second quarter. Public Sector Pension Investment Board now owns 98,999 shares of the company’s stock worth $1,910,000 after acquiring an additional 6,085 shares during the period. Finally, Sei Investments Co. boosted its holdings in Safehold by 3.2% in the second quarter. Sei Investments Co. now owns 670,065 shares of the company’s stock valued at $12,926,000 after purchasing an additional 20,483 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

Shares of SAFE stock opened at $23.37 on Thursday. The company has a quick ratio of 38.83, a current ratio of 38.83 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $1.67 billion, a PE ratio of -51.93 and a beta of 1.66. The stock’s 50-day moving average price is $25.21 and its 200 day moving average price is $21.84. Safehold Inc. has a 52-week low of $15.00 and a 52-week high of $28.80.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $89.90 million during the quarter, compared to the consensus estimate of $87.28 million. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.64%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. As a group, equities research analysts forecast that Safehold Inc. will post 1.59 EPS for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, September 30th. Safehold’s dividend payout ratio (DPR) is currently -155.56%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial raised their target price 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 upgraded Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Thursday, September 19th. Wedbush increased their price target on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group lifted their price target on shares of Safehold from $25.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently 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.