Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 71,434 shares of Safety Income & Growth stock in a transaction dated Wednesday, January 3rd. The shares were acquired at an average cost of $17.88 per share, with a total value of $1,277,239.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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, December 28th, Istar Inc. bought 49,646 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.81 per share, with a total value of $884,195.26.
  • On Tuesday, December 26th, Istar Inc. bought 63,545 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.81 per share, with a total value of $1,131,736.45.
  • On Wednesday, December 20th, Istar Inc. bought 45,859 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.05 per share, with a total value of $827,754.95.
  • On Friday, December 15th, Istar Inc. bought 51,816 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.04 per share, with a total value of $934,760.64.
  • On Tuesday, December 12th, Istar Inc. bought 34,790 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.90 per share, with a total value of $622,741.00.
  • On Friday, December 8th, Istar Inc. bought 60,752 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.89 per share, with a total value of $1,086,853.28.
  • On Tuesday, December 5th, Istar Inc. bought 51,485 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.98 per share, with a total value of $925,700.30.
  • On Thursday, November 30th, Istar Inc. bought 22,838 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.50 per share, with a total value of $422,503.00.
  • On Monday, November 27th, Istar Inc. bought 19,503 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.59 per share, with a total value of $362,560.77.
  • On Tuesday, November 21st, Istar Inc. bought 24,859 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.33 per share, with a total value of $455,665.47.

Safety Income & Growth Inc (NYSE:SAFE) traded down $0.01 on Wednesday, reaching $17.95. 204,258 shares of the company’s stock traded hands, compared to its average volume of 174,629. Safety Income & Growth Inc has a 52-week low of $17.27 and a 52-week high of $20.00.

Safety Income & Growth (NYSE:SAFE) last posted 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 business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.86 million. equities research analysts forecast that Safety Income & Growth Inc will post 0.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, December 28th.

A number of equities research analysts recently issued reports on SAFE shares. Bank of America dropped their target price on shares of Safety Income & Growth from $20.00 to $18.90 and set a “neutral” rating for the company in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Safety Income & Growth in a research report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Safety Income & Growth from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Safety Income & Growth currently has a consensus rating of “Hold” and a consensus target price of $20.58.

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. FMR LLC acquired a new stake in Safety Income & Growth in the 2nd quarter valued at about $41,620,000. V3 Capital Management L.P. acquired a new stake in Safety Income & Growth in the 2nd quarter valued at about $8,139,000. Vanguard Group Inc. acquired a new stake in Safety Income & Growth in the 2nd quarter valued at about $4,787,000. Balyasny Asset Management LLC acquired a new stake in Safety Income & Growth in the 2nd quarter valued at about $4,286,000. Finally, Macquarie Group Ltd. acquired a new stake in Safety Income & Growth in the 2nd quarter valued at about $2,873,000. Hedge funds and other institutional investors own 40.34% of the company’s stock.

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About Safety Income & Growth

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

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