Proficio Capital Partners LLC Makes New Investment in Safehold Inc. (NYSE:SAFE)

Proficio Capital Partners LLC purchased a new position in shares of Safehold Inc. (NYSE:SAFE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,558 shares of the company’s stock, valued at approximately $306,000.

Several other large investors also recently modified their holdings of SAFE. Rhumbline Advisers increased its position in Safehold by 0.4% in the 4th quarter. Rhumbline Advisers now owns 163,179 shares of the company’s stock valued at $3,016,000 after buying an additional 663 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Safehold by 5.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock valued at $391,000 after acquiring an additional 823 shares during the period. M&T Bank Corp increased its holdings in shares of Safehold by 3.4% during the fourth quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock valued at $509,000 after acquiring an additional 899 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 1,020 shares during the period. Finally, FMR LLC lifted its holdings in shares of Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Price Performance

Safehold stock opened at $18.02 on Thursday. Safehold Inc. has a 52 week low of $15.55 and a 52 week high of $28.80. The company’s 50 day moving average price is $17.57 and its two-hundred day moving average price is $20.44. The stock has a market cap of $1.29 billion, a P/E ratio of 12.18 and a beta of 1.75. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting 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 last year, the company earned $0.36 EPS. On average, equities analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, March 31st. Safehold’s dividend payout ratio (DPR) is currently 47.30%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group decreased their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Finally, Wedbush reiterated a “neutral” rating and set a $19.00 price target (down previously from $20.00) on shares of Safehold in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.56.

Safehold Company 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.