SG Americas Securities LLC decreased its holdings in shares of Safehold Inc. (NYSE:SAFE – Get Rating) by 22.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,561 shares of the company’s stock after selling 2,148 shares during the quarter. SG Americas Securities LLC’s holdings in Safehold were worth $267,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Manhattan Co. purchased a new position in Safehold during the 1st quarter valued at $81,000. Van ECK Associates Corp lifted its position in shares of Safehold by 15.1% during the first quarter. Van ECK Associates Corp now owns 1,861 shares of the company’s stock worth $103,000 after purchasing an additional 244 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Safehold by 34.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,910 shares of the company’s stock valued at $106,000 after purchasing an additional 485 shares during the period. Point72 Hong Kong Ltd grew its holdings in shares of Safehold by 17.5% in the first quarter. Point72 Hong Kong Ltd now owns 2,953 shares of the company’s stock worth $164,000 after purchasing an additional 440 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Safehold by 725.0% in the 1st quarter. Quantbot Technologies LP now owns 3,300 shares of the company’s stock worth $182,000 after buying an additional 2,900 shares during the period. 25.61% of the stock is currently owned by hedge funds and other institutional investors.
Safehold Stock Performance
Shares of NYSE SAFE opened at $29.11 on Wednesday. Safehold Inc. has a fifty-two week low of $23.65 and a fifty-two week high of $80.66. The company has a market cap of $1.81 billion, a PE ratio of 13.00 and a beta of 0.56. The business has a 50-day simple moving average of $30.37 and a two-hundred day simple moving average of $37.40.
Safehold Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on SAFE shares. Morgan Stanley cut their price objective on shares of Safehold from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Mizuho upgraded Safehold from a “neutral” rating to a “buy” rating and cut their target price for the company from $75.00 to $50.00 in a research note on Friday, August 12th. Finally, Sumitomo Mitsui Financial Group lowered shares of Safehold from an “outperform” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Friday, September 23rd. One analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.67.
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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.
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