118,152 Shares in Safehold Inc. (NYSE:SAFE) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new position in Safehold Inc. (NYSE:SAFE) in the fourth quarter, HoldingsChannel reports. The fund bought 118,152 shares of the company’s stock, valued at approximately $2,765,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Safehold by 51.4% during the first quarter. BlackRock Inc. now owns 7,325,064 shares of the company’s stock worth $211,511,000 after purchasing an additional 2,487,183 shares during the period. Bluefin Capital Management LLC acquired a new position in Safehold during the 1st quarter worth about $10,264,000. Vanguard Group Inc. grew its position in shares of Safehold by 11.8% in the 3rd quarter. Vanguard Group Inc. now owns 7,709,773 shares of the company’s stock valued at $137,234,000 after buying an additional 816,033 shares during the last quarter. State Street Corp increased its stake in shares of Safehold by 43.9% in the first quarter. State Street Corp now owns 2,114,552 shares of the company’s stock valued at $62,104,000 after buying an additional 645,322 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Safehold by 24.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,241,562 shares of the company’s stock worth $64,154,000 after acquiring an additional 443,049 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Safehold Trading Up 1.5 %

SAFE opened at $18.54 on Friday. The company has a fifty day moving average price of $20.13 and a two-hundred day moving average price of $19.83. Safehold Inc. has a 1-year low of $15.00 and a 1-year high of $30.00. The company has a market cap of $1.32 billion, a P/E ratio of -22.89 and a beta of 1.46. The company has a current ratio of 36.61, a quick ratio of 36.61 and a debt-to-equity ratio of 1.78.

Safehold (NYSE:SAFE) last issued its earnings results on Monday, February 12th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Safehold had a positive return on equity of 4.31% and a negative net margin of 15.59%. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $84.89 million. During the same period last year, the business posted ($6.00) EPS. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. Analysts predict that Safehold Inc. will post 1.52 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, March 27th. Safehold’s dividend payout ratio is currently -87.65%.

Analyst Upgrades and Downgrades

SAFE has been the topic of several analyst reports. JMP Securities began coverage on Safehold in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 target price on the stock. Royal Bank of Canada reduced their price objective on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. JPMorgan Chase & Co. decreased their price objective on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group began coverage on shares of Safehold in a report on Thursday, January 4th. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Mizuho decreased their price target on Safehold from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Safehold has an average rating of “Moderate Buy” and a consensus price target of $28.40.

About Safehold

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.