Safehold Inc. (NYSE:SAFE) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Safehold Inc. (NYSE:SAFE) by 265.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,071 shares of the company’s stock after buying an additional 17,484 shares during the period. SG Americas Securities LLC’s holdings in Safehold were worth $445,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SAFE. Dimensional Fund Advisors LP acquired a new stake in Safehold during the second quarter worth about $333,000. Renaissance Technologies LLC increased its position in Safehold by 62.3% during the 2nd quarter. Renaissance Technologies LLC now owns 43,119 shares of the company’s stock worth $832,000 after purchasing an additional 16,557 shares in the last quarter. Truist Financial Corp lifted its position in Safehold by 10.7% during the second quarter. Truist Financial Corp now owns 21,179 shares of the company’s stock valued at $409,000 after buying an additional 2,040 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Safehold by 9.1% during the third quarter. Handelsbanken Fonder AB now owns 19,243 shares of the company’s stock worth $505,000 after buying an additional 1,600 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $46,000 after acquiring an additional 920 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Stock Down 0.2 %

Shares of NYSE:SAFE opened at $16.22 on Monday. The company’s fifty day moving average is $18.68 and its two-hundred day moving average is $21.93. 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 $15.55 and a 1-year high of $28.80. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.54 and a beta of 1.67.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.37%. Safehold’s payout ratio is currently 41.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $23.00 target price (down previously from $25.00) on shares of Safehold in a research note on Monday, November 4th. Royal Bank of Canada boosted their price objective on Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th. Mizuho increased their price objective on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.00.

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.