Barclays PLC Boosts Stock Holdings in Safehold Inc. (NYSE:SAFE)

Barclays PLC lifted its position in shares of Safehold Inc. (NYSE:SAFE) by 317.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,932 shares of the company’s stock after acquiring an additional 65,370 shares during the period. Barclays PLC owned approximately 0.12% of Safehold worth $2,254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Safehold by 5.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after buying an additional 823 shares in the last quarter. GAMMA Investing LLC increased its holdings in Safehold by 108.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $46,000 after buying an additional 920 shares in the last quarter. FMR LLC lifted its stake in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after acquiring an additional 1,163 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Safehold by 79.3% during 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. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Stock Performance

Shares of SAFE opened at $18.80 on Thursday. Safehold Inc. has a 52 week low of $17.91 and a 52 week high of $28.80. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 11.06 and a beta of 1.66. The business has a 50-day simple moving average of $21.15 and a two-hundred day simple moving average of $22.32.

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

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, December 30th. Safehold’s dividend payout ratio (DPR) is 41.18%.

Analyst Ratings Changes

SAFE has been the subject of several research reports. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Thursday, September 19th. 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 report on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a report on Tuesday, October 29th. Mizuho upped their price objective on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Wedbush reissued a “neutral” rating and issued a $23.00 target price (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Safehold has a consensus rating of “Moderate Buy” and a consensus target price of $28.22.

Safehold 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.