Safehold Inc. (NYSE:SAFE) Stake Increased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in Safehold Inc. (NYSE:SAFE) by 268.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,400 shares of the company’s stock after purchasing an additional 1,020 shares during the period. Smartleaf Asset Management LLC’s holdings in Safehold were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Sage Investment Counsel LLC purchased a new stake in shares of Safehold in the fourth quarter valued at $186,000. Proficio Capital Partners LLC purchased a new stake in shares of Safehold in the fourth quarter valued at $306,000. Illinois Municipal Retirement Fund lifted its holdings in shares of Safehold by 11.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 25,713 shares of the company’s stock valued at $475,000 after purchasing an additional 2,689 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Safehold by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company’s stock worth $8,053,000 after acquiring an additional 7,437 shares in the last quarter. Finally, Alberta Investment Management Corp raised its holdings in shares of Safehold by 11.0% during the fourth quarter. Alberta Investment Management Corp now owns 84,700 shares of the company’s stock worth $1,565,000 after acquiring an additional 8,395 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

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

Safehold Trading Down 1.1 %

Safehold stock opened at $18.84 on Thursday. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.73 and a beta of 1.75. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80. The company’s fifty day moving average price is $17.26 and its two-hundred day moving average price is $20.90.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting 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 quarter in the prior year, the business earned $0.36 EPS. On average, analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, December 30th. 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.