Safehold Inc. (NYSE:SAFE) Stock Position Increased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Safehold Inc. (NYSE:SAFE) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,503 shares of the company’s stock after purchasing an additional 2,011 shares during the period. Natixis Advisors LLC owned approximately 0.10% of Safehold worth $1,849,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Safehold by 108.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after acquiring an additional 920 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Safehold by 35.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock valued at $47,000 after purchasing an additional 471 shares during the period. KBC Group NV raised its stake in shares of Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after purchasing an additional 1,275 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Safehold by 7.5% during the first quarter. ProShare Advisors LLC now owns 9,728 shares of the company’s stock valued at $200,000 after purchasing an additional 676 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Safehold in the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on SAFE shares. Wedbush restated a “neutral” rating and set a $23.00 price target (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. Royal Bank of Canada increased their price target on Safehold from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price objective on Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered their target price on Safehold from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Safehold presently has a consensus rating of “Moderate Buy” and an average price target of $28.22.

Safehold Price Performance

NYSE SAFE opened at $21.19 on Tuesday. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. Safehold Inc. has a 1 year low of $17.91 and a 1 year high of $28.80. The company has a market cap of $1.51 billion, a PE ratio of 12.46 and a beta of 1.68. The stock’s 50-day moving average price is $23.60 and its two-hundred day moving average price is $22.19.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The business had revenue of $90.70 million during the quarter, compared to the consensus estimate of $89.45 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Safehold Inc. will post 1.56 EPS for the current year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.177 per share. The ex-dividend date was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.34%. Safehold’s dividend payout ratio is 41.76%.

About Safehold

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.