Insider Buying: Safety Income & Growth Inc (SAFE) Major Shareholder Buys 59,281 Shares of Stock

Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 59,281 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $17.87 per share, with a total value of $1,059,351.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 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 Wednesday, January 24th, Istar Inc. acquired 65,053 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.81 per share, with a total value of $1,158,593.93.
  • On Friday, January 19th, Istar Inc. acquired 49,220 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.85 per share, with a total value of $878,577.00.
  • On Wednesday, January 17th, Istar Inc. acquired 74,453 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.89 per share, with a total value of $1,331,964.17.
  • On Thursday, January 11th, Istar Inc. acquired 71,993 shares of Safety Income & Growth stock. The stock was acquired at an average cost 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 cost 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 cost 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 cost 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 cost 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 cost 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 cost of $18.04 per share, with a total value of $934,760.64.

Shares of Safety Income & Growth Inc (SAFE) remained flat at $$17.74 on Monday. 106,167 shares of the company’s stock were exchanged, compared to its average volume of 145,330. 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 earnings results on Thursday, October 26th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ 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. analysts anticipate that Safety Income & Growth Inc will post 0.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a $0.15 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 3.38%.

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Safety Income & Growth in the 3rd quarter worth about $170,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Safety Income & Growth in the 3rd quarter worth about $215,000. Strs Ohio purchased a new stake in shares of Safety Income & Growth in the 3rd quarter worth about $299,000. California State Teachers Retirement System purchased a new stake in shares of Safety Income & Growth in the 3rd quarter worth about $313,000. Finally, Pinnacle Associates Ltd. lifted its position in shares of Safety Income & Growth by 90.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 19,500 shares of the company’s stock worth $363,000 after purchasing an additional 9,275 shares during the period. 40.82% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on SAFE shares. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Safety Income & Growth in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Safety Income & Growth from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, Bank of America dropped their price target 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. One research 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 company presently has an average rating of “Hold” and an average price target of $20.58.

TRADEMARK VIOLATION NOTICE: “Insider Buying: Safety Income & Growth Inc (SAFE) Major Shareholder Buys 59,281 Shares of Stock” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/29/insider-buying-safety-income-growth-inc-safe-major-shareholder-buys-59281-shares-of-stock.html.

About Safety Income & Growth

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)

Receive News & Ratings for Safety Income & Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Income & Growth and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply