Barclays PLC Trims Holdings in Safehold Inc. (NYSE:SAFE)

Barclays PLC decreased its position in shares of Safehold Inc. (NYSE:SAFE) by 79.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,755 shares of the company’s stock after selling 52,138 shares during the period. Barclays PLC owned about 0.10% of Safehold worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SAFE. State of Wyoming bought a new stake in shares of Safehold in the 4th quarter worth approximately $34,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Safehold by 31.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,912 shares of the company’s stock valued at $54,000 after buying an additional 452 shares during the period. FMR LLC lifted its holdings in shares of Safehold by 17.8% during the 2nd quarter. FMR LLC now owns 1,643 shares of the company’s stock valued at $58,000 after buying an additional 248 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Safehold by 29.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,324 shares of the company’s stock valued at $67,000 after buying an additional 527 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Safehold by 29.3% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 2,324 shares of the company’s stock valued at $67,000 after buying an additional 527 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Safehold Stock Up 0.5 %

Shares of NYSE SAFE opened at $21.02 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 39.19 and a quick ratio of 39.19. The company has a market cap of $1.34 billion, a P/E ratio of -4.24 and a beta of 1.30. Safehold Inc. has a 1 year low of $19.51 and a 1 year high of $41.51. The firm has a 50-day simple moving average of $23.00 and a two-hundred day simple moving average of $26.35.

Safehold (NYSE:SAFE) last issued its earnings results on Tuesday, August 1st. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $85.70 million for the quarter, compared to analysts’ expectations of $82.90 million. Safehold had a positive return on equity of 0.35% and a negative net margin of 14.88%. The business’s revenue was up 41.9% compared to the same quarter last year. During the same period last year, the business posted ($4.00) earnings per share. Research analysts anticipate that Safehold Inc. will post 1.49 earnings per share for the current year.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 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 3.37%. The ex-dividend date of this dividend was Thursday, June 29th. Safehold’s dividend payout ratio (DPR) is presently -14.33%.

Insider Transactions at Safehold

In other Safehold news, CEO Jay Sugarman acquired 65,420 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $21.40 per share, with a total value of $1,399,988.00. Following the completion of the acquisition, the chief executive officer now directly owns 156,446 shares in the company, valued at approximately $3,347,944.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on Safehold from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, August 14th. Mizuho cut their price objective on Safehold from $31.00 to $25.00 in a research report on Thursday, August 10th. Truist Financial cut their price objective on Safehold from $31.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, August 21st. Finally, The Goldman Sachs Group began coverage on shares of Safehold in a report on Wednesday, August 23rd. They issued a “buy” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.83.

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.