Charles Schwab Investment Management Inc. Acquires 39,320 Shares of Safehold Inc. (NYSE:SAFE)

Charles Schwab Investment Management Inc. raised its holdings in shares of Safehold Inc. (NYSE:SAFE) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 687,718 shares of the company’s stock after acquiring an additional 39,320 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.96% of Safehold worth $18,039,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after purchasing an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after buying an additional 471 shares during the period. KBC Group NV increased its stake in shares of Safehold by 79.3% in the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after acquiring an additional 1,275 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Safehold in the 2nd quarter valued at about $204,000. Finally, Quest Partners LLC acquired a new stake in shares of Safehold in the 2nd quarter valued at approximately $225,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SAFE shares. Royal Bank of Canada increased their target price on shares of Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Raymond James raised Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Thursday, September 19th. The Goldman Sachs Group decreased their target price on Safehold from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Wedbush reaffirmed a “neutral” rating and set a $23.00 price target (down previously from $25.00) on shares of Safehold in a research report on Monday, November 4th. Finally, Mizuho lifted their price objective on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Safehold currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.22.

Safehold Trading Down 0.5 %

NYSE SAFE opened at $21.35 on Friday. Safehold Inc. has a 52 week low of $17.91 and a 52 week high of $28.80. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. The stock’s 50 day moving average price is $22.45 and its two-hundred day moving average price is $22.23. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.56 and a beta of 1.66.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, analysts anticipate that Safehold Inc. will post 1.56 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Monday, September 30th. Safehold’s 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.