Safehold Inc. (NYSE:SAFE) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Safehold Inc. (NYSE:SAFE) by 1,683.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,750 shares of the company’s stock after acquiring an additional 214,979 shares during the period. Allspring Global Investments Holdings LLC owned 0.32% of Safehold worth $4,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in Safehold by 2.0% in the third 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 period. Geode Capital Management LLC boosted its position in shares of Safehold by 3.1% during the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock worth $32,734,000 after buying an additional 38,074 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Safehold by 6.1% in 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Safehold by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock worth $17,369,000 after buying an additional 91,965 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Safehold by 266.5% in the 3rd 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 buying an additional 254,227 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAFE has been the subject of a number of recent analyst reports. Mizuho increased their price objective on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush reissued a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of Safehold in a report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Finally, Royal Bank of Canada increased their price objective on Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.56.

Safehold Stock Performance

Shares of NYSE SAFE opened at $16.78 on Friday. The stock has a fifty day moving average price of $17.56 and a two-hundred day moving average price of $21.40. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The firm has a market cap of $1.20 billion, a P/E ratio of 11.34 and a beta of 1.66. Safehold Inc. has a 1 year low of $15.55 and a 1 year high of $28.80.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Research analysts forecast that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.22%. Safehold’s dividend payout ratio (DPR) is presently 47.97%.

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.