Fmr LLC Has $153,000 Stock Holdings in Safehold Inc. (NYSE:SAFE)

Fmr LLC increased its position in shares of Safehold Inc. (NYSE:SAFE) by 24.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,840 shares of the company’s stock after purchasing an additional 1,163 shares during the quarter. Fmr LLC’s holdings in Safehold were worth $153,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Safehold by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company’s stock worth $9,080,000 after buying an additional 34,404 shares during the period. Breakwater Capital Group raised its holdings in shares of Safehold by 14.2% in the second quarter. Breakwater Capital Group now owns 12,477 shares of the company’s stock valued at $241,000 after purchasing an additional 1,550 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Safehold by 10.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 385,858 shares of the company’s stock worth $7,443,000 after buying an additional 35,046 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Safehold during the 2nd quarter worth approximately $204,000. Finally, Rhumbline Advisers boosted its holdings in shares of Safehold by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 167,142 shares of the company’s stock valued at $3,224,000 after buying an additional 6,656 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Safehold Price Performance

Shares of NYSE SAFE opened at $19.51 on Monday. The firm has a market capitalization of $1.39 billion, a P/E ratio of 11.48 and a beta of 1.66. The firm’s 50-day moving average price is $21.51 and its 200-day moving average price is $22.33. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. Safehold Inc. has a 1-year low of $17.91 and a 1-year high of $28.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $90.70 million during the quarter, compared to analysts’ expectations of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Equities research analysts anticipate that Safehold Inc. will post 1.56 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be paid a $0.177 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.63%. Safehold’s payout ratio is presently 41.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SAFE. Wedbush reaffirmed a “neutral” rating and issued a $23.00 price objective (down from $25.00) on shares of Safehold in a research report on Monday, November 4th. The Goldman Sachs Group cut their target price on Safehold from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Mizuho raised their target price on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a report on Tuesday, October 29th. Finally, Raymond James upgraded shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Safehold currently has a consensus rating of “Moderate Buy” and an average target price of $28.22.

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.