SG Americas Securities LLC Buys 196,345 Shares of Safehold Inc. $SAFE

SG Americas Securities LLC lifted its stake in shares of Safehold Inc. (NYSE:SAFE) by 237.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 279,205 shares of the company’s stock after acquiring an additional 196,345 shares during the period. SG Americas Securities LLC owned 0.39% of Safehold worth $3,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Safehold during the fourth quarter valued at about $31,000. Russell Investments Group Ltd. grew its stake in shares of Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after buying an additional 1,789 shares during the period. Advisory Services Network LLC bought a new stake in Safehold in the 3rd quarter valued at about $57,000. Federation des caisses Desjardins du Quebec increased its position in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after buying an additional 908 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Safehold by 98.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock worth $75,000 after buying an additional 2,393 shares during the period. 70.38% of the stock is owned by institutional investors.

Safehold Price Performance

Shares of NYSE SAFE opened at $16.28 on Tuesday. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $17.16. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 2.10 and a beta of 1.81. The company has a debt-to-equity ratio of 1.91, a quick ratio of 35.59 and a current ratio of 35.58. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $14.83.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $110.85 million for the quarter, compared to analyst estimates of $96.51 million. Safehold had a net margin of 28.58% and a return on equity of 4.78%. As a group, research analysts anticipate that Safehold Inc. will post 1.64 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.177 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.3%. Safehold’s dividend payout ratio is 44.65%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SAFE. The Goldman Sachs Group cut their price target on Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Mizuho boosted their price objective on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Zacks Research lowered Safehold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and cut their target price for the stock from $18.00 to $16.00 in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.75.

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.