Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. bought 93,367 shares of Safetyome & Growth stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $19.34 per share, for a total transaction of $1,805,717.78. Following the acquisition, the insider now owns 5,625,324 shares in the company, valued at $108,793,766.16. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, August 11th, Istar Inc. bought 79,772 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.99 per share, for a total transaction of $1,514,870.28.
  • On Wednesday, August 9th, Istar Inc. bought 119,658 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.96 per share, for a total transaction of $2,268,715.68.
  • On Friday, August 4th, Istar Inc. bought 76,136 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.85 per share, for a total transaction of $1,435,163.60.
  • On Wednesday, August 2nd, Istar Inc. bought 114,292 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.49 per share, for a total transaction of $2,113,259.08.
  • On Friday, July 28th, Istar Inc. bought 97,499 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.55 per share, for a total transaction of $1,808,606.45.
  • On Tuesday, July 25th, Istar Inc. bought 19,600 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $19.25 per share, for a total transaction of $377,300.00.
  • On Tuesday, June 27th, Istar Inc. bought 2,250,000 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $45,000,000.00.

Shares of Safety Income & Growth Inc (SAFE) traded up 1.09% during mid-day trading on Wednesday, hitting $19.41. The company had a trading volume of 99,696 shares. The firm has a market cap of $353.07 million and a PE ratio of 116.23. Safety Income & Growth Inc has a 12-month low of $18.02 and a 12-month high of $20.00. The firm’s 50 day moving average is $19.13 and its 200-day moving average is $19.13.

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A number of institutional investors have recently modified their holdings of SAFE. Pinnacle Associates Ltd. purchased a new position in shares of Safetyome & Growth during the second quarter valued at about $196,000. Salem Investment Counselors Inc. bought a new stake in Safetyome & Growth during the second quarter valued at $479,000. Goldman Sachs Group Inc. bought a new stake in Safetyome & Growth during the second quarter valued at $1,420,000. Macquarie Group Ltd. bought a new stake in Safetyome & Growth during the second quarter valued at $2,873,000. Finally, Forward Management LLC bought a new stake in Safetyome & Growth during the second quarter valued at $4,213,000.

SAFE has been the topic of a number of research analyst reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Barclays PLC initiated coverage on Safetyome & Growth in a report on Monday, July 17th. They set an “equal weight” rating and a $21.00 target price on the stock. Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 target price on shares of Safetyome & Growth in a report on Monday, July 17th. Raymond James Financial, Inc. initiated coverage on Safetyome & Growth in a report on Tuesday, July 18th. They set a “market perform” rating on the stock. Finally, UBS AG initiated coverage on Safetyome & Growth in a report on Monday, July 17th. They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.00.

About Safetyome & Growth

Insider Buying and Selling by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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