AlphaQuest LLC Increases Position in Safehold Inc. $SAFE

AlphaQuest LLC lifted its position in shares of Safehold Inc. (NYSE:SAFE) by 20.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 56,679 shares of the company’s stock after buying an additional 9,751 shares during the period. AlphaQuest LLC owned 0.08% of Safehold worth $882,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SAFE. 1832 Asset Management L.P. purchased a new position in shares of Safehold during the first quarter valued at approximately $6,552,000. Point72 Europe London LLP purchased a new position in shares of Safehold during the first quarter valued at approximately $6,201,000. Nuveen LLC purchased a new position in shares of Safehold during the first quarter valued at approximately $4,086,000. HGI Capital Management LLC purchased a new position in shares of Safehold during the first quarter valued at approximately $3,683,000. Finally, AQR Capital Management LLC increased its position in Safehold by 1,106.2% during the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock worth $3,660,000 after purchasing an additional 179,319 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SAFE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a research report on Saturday. JMP Securities dropped their price target on shares of Safehold from $32.00 to $28.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Truist Financial dropped their price target on shares of Safehold from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Mizuho upped their price target 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. Finally, Cantor Fitzgerald set a $17.00 price target on shares of Safehold and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.89.

Safehold Price Performance

Safehold stock opened at $15.73 on Monday. Safehold Inc. has a 52-week low of $13.43 and a 52-week high of $23.90. The firm has a fifty day moving average of $15.81 and a 200-day moving average of $15.39. The firm has a market capitalization of $1.13 billion, a P/E ratio of 11.00, a PEG ratio of 1.42 and a beta of 1.85. The company has a quick ratio of 36.02, a current ratio of 36.02 and a debt-to-equity ratio of 1.85.

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

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Safehold’s dividend payout ratio (DPR) is presently 49.65%.

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.