B&I Capital AG Cuts Stake in Safehold Inc. $SAFE

B&I Capital AG trimmed its stake in Safehold Inc. (NYSE:SAFE) by 44.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,174 shares of the company’s stock after selling 99,809 shares during the quarter. Safehold comprises 0.7% of B&I Capital AG’s portfolio, making the stock its 27th largest position. B&I Capital AG’s holdings in Safehold were worth $1,954,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SAFE. Hantz Financial Services Inc. grew its stake in shares of Safehold by 928.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the period. Russell Investments Group Ltd. boosted its holdings in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after acquiring an additional 1,789 shares during the last quarter. GAMMA Investing LLC grew its position in Safehold by 117.2% during the second quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $61,000 after acquiring an additional 2,117 shares during the period. Versant Capital Management Inc increased its stake in 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 acquiring an additional 2,711 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Safehold during the second quarter worth about $74,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 1.1%

Shares of NYSE SAFE opened at $14.12 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 36.91 and a current ratio of 36.91. Safehold Inc. has a 1 year low of $12.76 and a 1 year high of $19.53. The stock’s 50-day simple moving average is $14.03 and its 200-day simple moving average is $14.72. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.94 and a beta of 1.84.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Safehold had a return on equity of 4.78% and a net margin of 29.67%.The firm had revenue of $96.16 million during the quarter, compared to analyst estimates of $95.25 million. During the same quarter last year, the firm earned $0.37 EPS. Safehold’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were issued a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.71 annualized dividend and a yield of 5.0%. Safehold’s dividend payout ratio is currently 45.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAFE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Mizuho increased their price objective on shares of Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Citigroup restated a “market outperform” rating on shares of Safehold in a report on Monday, December 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Finally, Royal Bank Of Canada decreased their target price on Safehold from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Safehold presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Safehold Profile

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.