Thrivent Financial for Lutherans Lowers Position in Safehold Inc. (NYSE:SAFE)

Thrivent Financial for Lutherans decreased its stake in shares of Safehold Inc. (NYSE:SAFE) by 30.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,363 shares of the company’s stock after selling 27,633 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Safehold worth $1,152,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Safehold by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after acquiring an additional 91,965 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock valued at $18,039,000 after purchasing an additional 39,320 shares during the last quarter. Barclays PLC lifted its position in shares of Safehold by 317.9% during the third quarter. Barclays PLC now owns 85,932 shares of the company’s stock valued at $2,254,000 after purchasing an additional 65,370 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 38,074 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Safehold by 265.4% in the 4th quarter. SG Americas Securities LLC now owns 24,071 shares of the company’s stock worth $445,000 after purchasing an additional 17,484 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Price Performance

NYSE SAFE opened at $18.74 on Tuesday. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The company has a market cap of $1.34 billion, a PE ratio of 12.66 and a beta of 1.75. Safehold Inc. has a 52 week low of $15.55 and a 52 week high of $28.80. The firm’s 50-day simple moving average is $17.65 and its two-hundred day simple moving average is $20.26.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter in the previous year, the company posted $0.36 EPS. Research 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. 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 3.78%. The ex-dividend date is Monday, March 31st. Safehold’s payout ratio is currently 47.30%.

Analysts Set New Price Targets

Several equities analysts have commented on SAFE shares. Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group cut their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of Safehold in a research report on Monday. Finally, JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Safehold currently has a consensus rating of “Hold” and an average price target of $25.67.

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.