Safehold Inc. (NYSE:SAFE) Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Safehold Inc. (NYSE:SAFE) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,098 shares of the company’s stock after selling 1,051 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Safehold were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Long Pond Capital LP increased its holdings in shares of Safehold by 14.9% in the 2nd quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock valued at $51,361,000 after acquiring an additional 345,661 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Safehold by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock worth $18,039,000 after buying an additional 39,320 shares during the last quarter. Sei Investments Co. grew its stake in Safehold by 3.2% during the 2nd quarter. Sei Investments Co. now owns 670,065 shares of the company’s stock worth $12,926,000 after buying an additional 20,483 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Safehold by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company’s stock worth $9,080,000 after buying an additional 34,404 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in Safehold by 10.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 385,858 shares of the company’s stock worth $7,443,000 after buying an additional 35,046 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Safehold Trading Down 0.3 %

Shares of SAFE stock opened at $20.43 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 37.83 and a current ratio of 37.83. Safehold Inc. has a 1 year low of $17.91 and a 1 year high of $28.80. The stock has a fifty day moving average of $21.95 and a two-hundred day moving average of $22.27. The firm has a market capitalization of $1.46 billion, a PE ratio of 12.02 and a beta of 1.66.

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

Analyst Ratings Changes

SAFE has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price objective on Safehold from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Raymond James upgraded Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Thursday, September 19th. Wedbush restated a “neutral” rating and set a $23.00 price objective (down from $25.00) on shares of Safehold in a research note on Monday, November 4th. Mizuho upped their price objective on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.22.

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.