SG Americas Securities LLC Lowers Stock Position in Safehold Inc. (NYSE:SAFE)

SG Americas Securities LLC trimmed its holdings in shares of Safehold Inc. (NYSE:SAFE) by 57.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,587 shares of the company’s stock after selling 8,751 shares during the period. SG Americas Securities LLC’s holdings in Safehold were worth $173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in Safehold by 65.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,488 shares of the company’s stock worth $175,000 after buying an additional 2,965 shares during the period. GAMMA Investing LLC grew its position in shares of Safehold by 49.3% during the first quarter. GAMMA Investing LLC now owns 2,126 shares of the company’s stock worth $44,000 after buying an additional 702 shares in the last quarter. Breakwater Capital Group bought a new stake in shares of Safehold in the first quarter worth $225,000. Farmers & Merchants Investments Inc. raised its holdings in Safehold by 12.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 95,641 shares of the company’s stock valued at $1,970,000 after acquiring an additional 10,768 shares in the last quarter. Finally, Naviter Wealth LLC grew its holdings in Safehold by 15.9% during the 1st quarter. Naviter Wealth LLC now owns 14,567 shares of the company’s stock worth $303,000 after acquiring an additional 2,000 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial lifted their price target on Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Wedbush boosted their target price on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group raised their price target on shares of Safehold from $25.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Raymond James upgraded Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research note on Thursday, September 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.56.

Safehold Price Performance

Shares of Safehold stock opened at $23.37 on Thursday. Safehold Inc. has a 52 week low of $15.00 and a 52 week high of $28.80. The company has a current ratio of 38.83, a quick ratio of 38.83 and a debt-to-equity ratio of 1.76. The stock has a market cap of $1.67 billion, a PE ratio of -51.93 and a beta of 1.66. The company’s 50-day moving average price is $25.21 and its two-hundred day moving average price is $21.84.

Safehold (NYSE:SAFE) last released its earnings results on Monday, July 29th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $89.90 million for the quarter, compared to the consensus estimate of $87.28 million. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.64%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, sell-side analysts anticipate that Safehold Inc. will post 1.59 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Monday, September 30th. Safehold’s dividend payout ratio (DPR) is presently -155.56%.

Safehold 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.