Corient Private Wealth LLC Increases Stock Position in Safehold Inc. (NYSE:SAFE)

Corient Private Wealth LLC raised its position in Safehold Inc. (NYSE:SAFE) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,260 shares of the company’s stock after buying an additional 924 shares during the period. Corient Private Wealth LLC’s holdings in Safehold were worth $264,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SAFE. Vestcor Inc increased its stake in shares of Safehold by 902.2% in the 4th quarter. Vestcor Inc now owns 42,174 shares of the company’s stock valued at $779,000 after purchasing an additional 37,966 shares in the last quarter. AlphaQuest LLC increased its position in shares of Safehold by 421.1% in the fourth quarter. AlphaQuest LLC now owns 45,026 shares of the company’s stock valued at $832,000 after buying an additional 36,385 shares in the last quarter. Tilson Financial Group Inc. purchased a new stake in shares of Safehold in the fourth quarter valued at approximately $640,000. Amundi raised its stake in shares of Safehold by 39.9% during the 4th quarter. Amundi now owns 49,549 shares of the company’s stock worth $916,000 after buying an additional 14,130 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Safehold by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock valued at $156,000 after buying an additional 1,173 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Stock Up 3.6 %

SAFE stock opened at $18.74 on Tuesday. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a 50-day moving average of $17.65 and a two-hundred day moving average of $20.26. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 12.66 and a beta of 1.75.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (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 period last year, the firm earned $0.36 earnings per share. As a group, analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Monday, March 31st. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of Safehold in a report on Monday. The Goldman Sachs Group cut their target price 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. 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.67.

About Safehold

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.