Safehold Inc. $SAFE Position Increased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Safehold Inc. (NYSE:SAFE) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,703 shares of the company’s stock after acquiring an additional 5,479 shares during the period. Intech Investment Management LLC owned about 0.07% of Safehold worth $773,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. US Bancorp DE boosted its stake in Safehold by 136.4% in the 1st quarter. US Bancorp DE now owns 2,215 shares of the company’s stock worth $41,000 after purchasing an additional 1,278 shares during the period. Amundi boosted its position in shares of Safehold by 2.6% in the first quarter. Amundi now owns 50,855 shares of the company’s stock worth $906,000 after buying an additional 1,306 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Safehold by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock valued at $576,000 after buying an additional 1,308 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in Safehold by 7.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 19,923 shares of the company’s stock valued at $362,000 after buying an additional 1,401 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in Safehold by 15.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,106 shares of the company’s stock worth $188,000 after acquiring an additional 1,641 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SAFE shares. JMP Securities lowered their target price on Safehold from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research report on Wednesday, October 8th. Mizuho increased their target price on shares of Safehold from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Truist Financial decreased their target price on shares of Safehold from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, September 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a research note on Saturday, November 22nd. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.56.

Safehold Price Performance

NYSE SAFE opened at $14.06 on Thursday. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $1.01 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.87. Safehold Inc. has a 12-month low of $12.76 and a 12-month high of $21.90. The company has a 50 day moving average price of $14.76 and a two-hundred day moving average price of $15.15.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The business had revenue of $50.20 million for the quarter. As a group, equities analysts predict that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, September 30th. Safehold’s dividend payout ratio (DPR) is 44.59%.

Safehold Company Profile

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.