Nisa Investment Advisors LLC Sells 2,086 Shares of Safehold Inc. (NYSE:SAFE)

Nisa Investment Advisors LLC lowered its position in shares of Safehold Inc. (NYSE:SAFE) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,512 shares of the company’s stock after selling 2,086 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Safehold were worth $327,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of Safehold by 2.0% in the 3rd quarter. State Street Corp now owns 2,618,033 shares of the company’s stock valued at $69,131,000 after acquiring an additional 51,035 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Safehold by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock valued at $32,734,000 after buying an additional 38,074 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock valued at $18,039,000 after acquiring an additional 39,320 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock worth $17,369,000 after acquiring an additional 91,965 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Safehold by 266.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock worth $9,171,000 after purchasing an additional 254,227 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

SAFE has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and set a $23.00 price objective (down from $25.00) on shares of Safehold in a report on Monday, November 4th. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a research note on Tuesday, October 29th. The Goldman Sachs Group decreased their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, Mizuho boosted their price objective on shares of Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

Safehold Price Performance

SAFE stock opened at $15.77 on Thursday. The company’s 50-day moving average price is $18.85 and its two-hundred day moving average price is $22.02. Safehold Inc. has a 12 month low of $15.55 and a 12 month 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 firm has a market cap of $1.13 billion, a P/E ratio of 9.28 and a beta of 1.67.

Safehold (NYSE:SAFE) last posted 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 firm had revenue of $90.70 million during the quarter, compared to analysts’ expectations of $89.45 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts anticipate that Safehold Inc. will post 1.57 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Monday, December 30th. Safehold’s payout ratio is currently 41.76%.

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.