Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. bought 51,485 shares of Safety Income & Growth stock in a transaction on Tuesday, December 5th. The stock was acquired at an average price of $17.98 per share, for a total transaction of $925,700.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, November 30th, Istar Inc. bought 22,838 shares of Safety Income & Growth stock. The stock was acquired at an average price of $18.50 per share, for a total transaction of $422,503.00.
  • On Monday, November 27th, Istar Inc. bought 19,503 shares of Safety Income & Growth stock. The stock was acquired 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 & Growth stock. The stock was acquired at an average price of $18.33 per share, for a total transaction of $455,665.47.
  • On Thursday, November 16th, Istar Inc. purchased 42,439 shares of Safety Income & Growth stock. The shares were purchased at an average cost of $18.02 per share, for a total transaction of $764,750.78.
  • On Monday, November 13th, Istar Inc. purchased 38,592 shares of Safety Income & Growth stock. The shares were purchased at an average cost of $17.91 per share, for a total transaction of $691,182.72.
  • On Friday, September 22nd, Istar Inc. purchased 55,771 shares of Safety Income & Growth stock. The shares were purchased at an average cost of $19.33 per share, for a total transaction of $1,078,053.43.
  • On Wednesday, September 20th, Istar Inc. purchased 80,402 shares of Safety Income & Growth stock. The shares were purchased at an average cost of $19.24 per share, for a total transaction of $1,546,934.48.
  • On Monday, September 18th, Istar Inc. purchased 67,566 shares of Safety Income & Growth stock. The shares were purchased at an average cost of $19.37 per share, for a total transaction of $1,308,753.42.
  • On Thursday, September 14th, Istar Inc. acquired 115,561 shares of Safety Income & Growth stock. The shares were bought at an average cost of $19.54 per share, for a total transaction of $2,258,061.94.
  • On Thursday, September 7th, Istar Inc. acquired 72,960 shares of Safety Income & Growth stock. The shares were bought at an average cost of $19.59 per share, for a total transaction of $1,429,286.40.

Shares of Safety Income & Growth Inc (SAFE) traded down $0.05 during trading hours on Tuesday, hitting $17.75. The stock had a trading volume of 77,034 shares, compared to its average volume of 140,972. Safety Income & Growth Inc has a 1 year low of $17.27 and a 1 year high of $20.00.

Safety Income & Growth (NYSE:SAFE) last announced its quarterly earnings data on Thursday, October 26th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.86 million. Safety Income & Growth had a negative return on equity of 0.81% and a negative net margin of 11.52%. research analysts anticipate that Safety Income & Growth Inc will post 0.47 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC purchased a new position in Safety Income & Growth during the second quarter valued at approximately $41,620,000. V3 Capital Management L.P. acquired a new stake in Safety Income & Growth in the second quarter valued at approximately $8,139,000. State of New Jersey Common Pension Fund D grew its holdings in Safety Income & Growth by 2.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 360,000 shares of the company’s stock valued at $6,710,000 after purchasing an additional 10,000 shares during the period. Vanguard Group Inc. acquired a new stake in Safety Income & Growth in the second quarter valued at approximately $4,787,000. Finally, Balyasny Asset Management LLC acquired a new stake in Safety Income & Growth in the second quarter valued at approximately $4,286,000. Institutional investors own 40.34% of the company’s stock.

SAFE has been the topic of a number of recent research reports. Bank of America dropped their price objective on Safety Income & Growth from $20.00 to $18.90 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safety Income & Growth in a research report on Tuesday, October 31st. Zacks Investment Research downgraded Safety Income & Growth from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Mizuho started coverage on Safety Income & Growth in a research note on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Safety Income & Growth presently has an average rating of “Hold” and an average price target of $20.58.

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