B&I Capital AG Increases Stake in Safehold Inc. (NYSE:SAFE)

B&I Capital AG raised its position in Safehold Inc. (NYSE:SAFE) by 75.3% during the fourth quarter, HoldingsChannel reports. The firm owned 417,503 shares of the company’s stock after purchasing an additional 179,376 shares during the period. Safehold comprises 2.5% of B&I Capital AG’s holdings, making the stock its 18th biggest position. B&I Capital AG’s holdings in Safehold were worth $7,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Safehold by 2.0% during the 3rd quarter. State Street Corp now owns 2,618,033 shares of the company’s stock worth $69,131,000 after acquiring an additional 51,035 shares during the period. Geode Capital Management LLC raised its holdings in shares of Safehold by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock worth $32,734,000 after acquiring an additional 38,074 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock valued at $18,039,000 after buying an additional 39,320 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after buying an additional 91,965 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Safehold by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 435,784 shares of the company’s stock valued at $8,053,000 after buying an additional 7,437 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SAFE. Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group reduced their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Wedbush reissued a “neutral” rating and set a $19.00 price target (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.56.

Safehold Stock Up 1.9 %

SAFE stock opened at $18.59 on Monday. The company’s 50 day moving average price is $17.27 and its 200 day moving average price is $21.17. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. Safehold Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.56 and a beta of 1.66.

Safehold (NYSE:SAFE) last released its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same quarter last year, the business earned $0.36 EPS. On average, equities research analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.71 annualized dividend and a yield of 3.81%. Safehold’s dividend payout ratio is currently 47.30%.

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.