Safehold Inc. (NYSE:SAFE) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Safehold Inc. (NYSE:SAFE) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,042 shares of the company’s stock after acquiring an additional 1,675 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Safehold were worth $262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new position in Safehold in the second quarter valued at $25,000. Fifth Third Bancorp grew its holdings in shares of Safehold by 1,240.4% during the third quarter. Fifth Third Bancorp now owns 1,394 shares of the company’s stock worth $25,000 after buying an additional 1,290 shares during the last quarter. Belpointe Asset Management LLC increased its position in Safehold by 455.8% in the 1st quarter. Belpointe Asset Management LLC now owns 1,395 shares of the company’s stock valued at $41,000 after acquiring an additional 1,144 shares during the period. Versant Capital Management Inc raised its stake in Safehold by 197.7% during the 4th quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock valued at $33,000 after acquiring an additional 931 shares during the last quarter. Finally, First Manhattan Co. acquired a new stake in Safehold during the 1st quarter worth approximately $81,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Price Performance

Shares of NYSE:SAFE opened at $18.09 on Wednesday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -22.33 and a beta of 1.46. The company has a debt-to-equity ratio of 1.78, a current ratio of 36.61 and a quick ratio of 36.61. The business’s 50 day simple moving average is $20.21 and its 200-day simple moving average is $19.85. Safehold Inc. has a 12 month low of $15.00 and a 12 month high of $30.00.

Safehold (NYSE:SAFE) last posted its earnings results on Monday, February 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $84.89 million. During the same period in the previous year, the business earned ($6.00) earnings per share. Safehold’s quarterly revenue was up 40.3% compared to the same quarter last year. As a group, equities analysts forecast that Safehold Inc. will post 1.52 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.177 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.71 dividend on an annualized basis and a yield of 3.91%. Safehold’s payout ratio is -87.65%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group started coverage on Safehold in a report on Thursday, January 4th. They issued a “buy” rating and a $33.00 target price on the stock. JMP Securities began coverage on shares of Safehold in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. reissued a “market outperform” rating and set a $35.00 price target on shares of Safehold in a report on Tuesday, February 13th. Mizuho lowered their price objective on Safehold from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, The Goldman Sachs Group increased their target price on Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.80.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.