Insider Buying: Safety Income & Growth Inc (SAFE) Major Shareholder Purchases 49,220 Shares of Stock

Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 49,220 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were purchased at an average price of $17.85 per share, with a total value of $878,577.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, January 17th, Istar Inc. purchased 74,453 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.89 per share, with a total value of $1,331,964.17.
  • On Thursday, January 11th, Istar Inc. purchased 71,993 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.95 per share, with a total value of $1,292,274.35.
  • On Monday, January 8th, Istar Inc. purchased 59,420 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.95 per share, with a total value of $1,066,589.00.
  • On Wednesday, January 3rd, Istar Inc. purchased 71,434 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.88 per share, with a total value of $1,277,239.92.
  • On Thursday, December 28th, Istar Inc. purchased 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. purchased 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. purchased 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. purchased 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. purchased 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. purchased 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.

Shares of Safety Income & Growth Inc (NYSE:SAFE) traded up $0.02 during trading hours on Friday, reaching $17.81. The company’s stock had a trading volume of 132,817 shares, compared to its average volume of 157,685. The stock has a market cap of $323.42 and a PE ratio of 890.50. Safety Income & Growth Inc has a 12 month low of $17.27 and a 12 month high of $20.00.

Safety Income & Growth (NYSE:SAFE) last issued its earnings results on Thursday, October 26th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.16). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.86 million. equities analysts predict that Safety Income & Growth Inc will post 0.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, December 28th. Safety Income & Growth’s payout ratio is currently 750.00%.

Several analysts recently commented on SAFE shares. Zacks Investment Research cut Safety Income & Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Safety Income & Growth in a research report on Tuesday, October 31st. Finally, Bank of America dropped their price target on 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.58.

A number of large investors have recently modified their holdings of SAFE. Vanguard Group Inc. purchased a new stake in Safety Income & Growth in the 2nd quarter valued at $4,787,000. FMR LLC purchased a new stake in Safety Income & Growth in the 2nd quarter valued at $41,620,000. V3 Capital Management L.P. purchased a new stake in Safety Income & Growth in the 2nd quarter valued at $8,139,000. Balyasny Asset Management LLC purchased a new stake in Safety Income & Growth in the 2nd quarter valued at $4,286,000. Finally, Salem Investment Counselors Inc. purchased a new stake in Safety Income & Growth in the 2nd quarter valued at $479,000. Institutional investors own 40.34% of the company’s stock.

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Safety Income & Growth Company Profile

Safety, Income and Growth, Inc is formed primarily to acquire, own, manage, finance and capitalize ground net leases (GNLs). The Company’s portfolio consists of 12 properties, which includes Doubletree Seattle Airport, One Ally Center, Hilton Salt Lake, Doubletree Mission Valley, Doubletree Sonoma, Doubletree Durango, Dallas Market Center: Sheraton Suites, Northside Forsyth Hospital Medical Center, NASA/JPSS Headquarters, The Buckler Apartments, Dallas Market Center: Marriott Courtyard and Lock Up Self Storage Facility.

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

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