AlphaQuest LLC Sells 41,952 Shares of Safehold Inc. $SAFE

AlphaQuest LLC trimmed its position in Safehold Inc. (NYSE:SAFE) by 74.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,727 shares of the company’s stock after selling 41,952 shares during the period. AlphaQuest LLC’s holdings in Safehold were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SAFE. Hantz Financial Services Inc. raised its position in shares of Safehold by 928.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after acquiring an additional 1,680 shares during the period. Russell Investments Group Ltd. increased its holdings in Safehold by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Safehold by 179.1% during the third quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock worth $65,000 after buying an additional 2,711 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Safehold during the 2nd quarter worth approximately $74,000. Finally, Tower Research Capital LLC TRC grew its position in Safehold by 98.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after purchasing an additional 2,393 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Mizuho increased their price objective on Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Royal Bank Of Canada lowered their price objective on Safehold from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research report on Thursday, January 22nd. Morgan Stanley cut shares of Safehold from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.00.

Safehold Stock Up 3.0%

SAFE stock opened at $15.56 on Wednesday. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $19.53. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 2.09 and a beta of 1.86. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. The stock has a fifty day moving average of $14.17 and a 200-day moving average of $14.71.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were given a $0.177 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.6%. Safehold’s payout ratio is presently 45.22%.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.