Texas Permanent School Fund Corp Has $841,000 Stock Holdings in Safehold Inc. (NYSE:SAFE)

Texas Permanent School Fund Corp decreased its holdings in shares of Safehold Inc. (NYSE:SAFE) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,454 shares of the company’s stock after selling 567 shares during the period. Texas Permanent School Fund Corp owned approximately 0.06% of Safehold worth $841,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Safehold by 17.8% in the second quarter. FMR LLC now owns 1,643 shares of the company’s stock valued at $58,000 after purchasing an additional 248 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Safehold by 2.0% in the first quarter. Yousif Capital Management LLC now owns 12,876 shares of the company’s stock valued at $714,000 after purchasing an additional 250 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Safehold by 6.0% in the third quarter. Royal Bank of Canada now owns 6,043 shares of the company’s stock valued at $160,000 after purchasing an additional 340 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Safehold by 2.8% in the second quarter. AQR Capital Management LLC now owns 12,546 shares of the company’s stock valued at $444,000 after purchasing an additional 344 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised 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 valued at $164,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

Safehold Price Performance

Shares of NYSE:SAFE opened at $18.87 on Tuesday. The company has a quick ratio of 38.91, a current ratio of 38.91 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $1.34 billion, a PE ratio of -2.47 and a beta of 1.37. Safehold Inc. has a twelve month low of $15.00 and a twelve month high of $36.76. The company has a 50-day moving average price of $17.30 and a two-hundred day moving average price of $21.48.

Safehold (NYSE:SAFE) last issued its earnings results on Tuesday, October 31st. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $85.60 million for the quarter, compared to the consensus estimate of $84.58 million. Safehold had a negative return on equity of 0.28% and a negative net margin of 63.25%. Safehold’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 EPS. Equities analysts forecast that Safehold Inc. will post 1.27 EPS for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a $0.177 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.75%. Safehold’s dividend payout ratio (DPR) is currently -9.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAFE. Wedbush began coverage on shares of Safehold in a report on Tuesday, October 3rd. They set a “neutral” rating and a $19.00 price objective for the company. Mizuho decreased their price objective on shares of Safehold from $31.00 to $25.00 in a report on Thursday, August 10th. The Goldman Sachs Group decreased their price objective on shares of Safehold from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, September 28th. Truist Financial decreased their price objective on shares of Safehold from $31.00 to $24.00 and set a “hold” rating for the company in a report on Monday, August 21st. Finally, TheStreet downgraded shares of Safehold from a “c-” rating to a “d” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.14.

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.