Natixis Advisors LLC Has $249,000 Stock Holdings in Safehold Inc. (NYSE:SAFE)

Natixis Advisors LLC lowered its stake in Safehold Inc. (NYSE:SAFE) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,499 shares of the company’s stock after selling 57,004 shares during the period. Natixis Advisors LLC’s holdings in Safehold were worth $249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in Safehold in the third quarter valued at $639,000. Intech Investment Management LLC increased its position in shares of Safehold by 76.4% during the third quarter. Intech Investment Management LLC now owns 21,711 shares of the company’s stock valued at $569,000 after acquiring an additional 9,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock worth $18,039,000 after acquiring an additional 39,320 shares during the period. Daiwa Securities Group Inc. increased its position in Safehold by 5.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after buying an additional 823 shares during the last quarter. Finally, FMR LLC raised its position in shares of Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after purchasing an additional 1,163 shares during the period. Institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

SAFE has been the subject of several research analyst reports. Wedbush reissued a “neutral” rating and set a $19.00 price objective (down previously from $20.00) on shares of Safehold in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Safehold presently has a consensus rating of “Hold” and a consensus price target of $25.56.

Safehold Price Performance

Shares of Safehold stock opened at $18.06 on Friday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 12.20 and a beta of 1.75. 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 stock has a 50 day moving average price of $17.61 and a 200-day moving average price of $20.38. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80.

Safehold (NYSE:SAFE) last announced its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period in the prior year, the company earned $0.36 EPS. Equities analysts expect that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 3.92%. The ex-dividend date is Monday, March 31st. Safehold’s payout ratio is presently 47.30%.

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.