Safety, Income and Growth, Inc. (NYSE:SAFE) major shareholder Istar Inc. bought 22,838 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of $18.50 per share, for a total transaction of $422,503.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, November 27th, Istar Inc. bought 19,503 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $18.59 per share, for a total transaction of $362,560.77.
  • On Tuesday, November 21st, Istar Inc. bought 24,859 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $18.33 per share, for a total transaction of $455,665.47.
  • On Thursday, November 16th, Istar Inc. bought 42,439 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $18.02 per share, for a total transaction of $764,750.78.
  • On Monday, November 13th, Istar Inc. bought 38,592 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $17.91 per share, for a total transaction of $691,182.72.
  • On Friday, September 22nd, Istar Inc. bought 55,771 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $19.33 per share, for a total transaction of $1,078,053.43.
  • On Wednesday, September 20th, Istar Inc. bought 80,402 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $19.24 per share, for a total transaction of $1,546,934.48.
  • On Monday, September 18th, Istar Inc. bought 67,566 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $19.37 per share, for a total transaction of $1,308,753.42.
  • On Thursday, September 14th, Istar Inc. bought 115,561 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $19.54 per share, for a total transaction of $2,258,061.94.
  • On Thursday, September 7th, Istar Inc. bought 72,960 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $19.59 per share, for a total transaction of $1,429,286.40.
  • On Friday, September 1st, Istar Inc. bought 36,338 shares of Safety, Income and Growth stock. The stock was purchased at an average price of $19.73 per share, for a total transaction of $716,948.74.

Shares of Safety, Income and Growth, Inc. (NYSE:SAFE) traded down $0.25 during midday trading on Thursday, hitting $18.30. 150,790 shares of the stock traded hands, compared to its average volume of 142,057. Safety, Income and Growth, Inc. has a 52-week low of $17.27 and a 52-week high of $20.00.

Safety, Income and Growth (NYSE:SAFE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.86 million. sell-side analysts forecast that Safety, Income and Growth, Inc. will post 0.47 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of Safety, Income and Growth in the 2nd quarter worth about $41,620,000. V3 Capital Management L.P. acquired a new stake in shares of Safety, Income and Growth in the 2nd quarter worth about $8,139,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Safety, Income and Growth in the 2nd quarter worth about $6,703,000. Vanguard Group Inc. acquired a new stake in shares of Safety, Income and Growth in the 2nd quarter worth about $4,787,000. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Safety, Income and Growth in the 2nd quarter worth about $4,286,000. Hedge funds and other institutional investors own 40.34% of the company’s stock.

Several research firms recently issued reports on SAFE. Zacks Investment Research upgraded shares of Safety, Income and Growth from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. Bank of America dropped their target price on shares of Safety, Income and Growth from $20.00 to $18.90 and set a “neutral” rating on the stock in a report on Monday, November 6th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Safety, Income and Growth in a report on Tuesday, October 31st. Finally, Mizuho started coverage on shares of Safety, Income and Growth in a report on Wednesday, August 30th. They set a “neutral” rating and a $20.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.58.

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About Safety, Income and Growth

Insider Buying and Selling by Quarter for Safety, Income and Growth (NYSE:SAFE)

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