Sei Investments Co. Has $3.85 Million Stake in Safehold Inc. (NYSE:SAFE)

Sei Investments Co. lowered its stake in shares of Safehold Inc. (NYSE:SAFE) by 65.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,395 shares of the company’s stock after selling 393,701 shares during the period. Sei Investments Co. owned approximately 0.29% of Safehold worth $3,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SAFE. JPMorgan Chase & Co. grew its stake in Safehold by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after purchasing an additional 91,965 shares during the period. Charles Schwab Investment Management Inc. lifted 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 worth $18,039,000 after buying an additional 39,320 shares in the last quarter. Barclays PLC grew its position in shares of Safehold by 317.9% during the 3rd 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. SG Americas Securities LLC increased its position in shares of Safehold by 265.4% in the fourth 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in Safehold by 3.1% in the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock valued at $32,734,000 after acquiring an additional 38,074 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SAFE has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Safehold in a research report on Monday. Five equities 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 target price of $25.67.

Safehold Trading Up 0.4 %

SAFE opened at $18.36 on Thursday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.41 and a beta of 1.62. The stock has a fifty day moving average price of $17.72 and a 200-day moving average price of $20.18. Safehold Inc. has a 12 month low of $15.55 and a 12 month high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82.

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 business earned $0.36 earnings per share. As a group, equities research analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, March 31st. Safehold’s dividend payout ratio is currently 47.30%.

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.