Safety Income & Growth Inc (NASDAQ:SAFE) CFO Geoffrey G. Jervis acquired 1,176 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average cost of $19.54 per share, with a total value of $22,979.04. Following the completion of the purchase, the chief financial officer now owns 39,348 shares of the company’s stock, valued at $768,859.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Safety Income & Growth Inc (NASDAQ SAFE) traded up 0.67% during mid-day trading on Thursday, hitting $19.57. 137,063 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $19.20 and its 200-day moving average price is $19.27. Safety Income & Growth Inc has a one year low of $18.02 and a one year high of $20.00. The stock has a market cap of $355.98 million and a PE ratio of 117.19.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $196,000. Salem Investment Counselors Inc. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $479,000. Goldman Sachs Group Inc. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $1,420,000. Macquarie Group Ltd. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $2,873,000. Finally, Forward Management LLC acquired a new position in shares of Safetyome & Growth during the second quarter worth about $4,213,000.

SAFE has been the subject of a number of research reports. Barclays PLC initiated coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They issued an “equal weight” rating and a $21.00 price objective for the company. Bank of America Corporation reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Safetyome & Growth in a research note on Monday, July 17th. Ladenburg Thalmann Financial Services initiated coverage on shares of Safetyome & Growth in a research note on Friday, July 14th. They issued a “buy” rating and a $22.00 price objective for the company. J P Morgan Chase & Co initiated coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, UBS AG initiated coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.80.

Safetyome & Growth Company Profile

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

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