Safehold Inc. (NYSE:SAFE) Stock Holdings Lifted by Strs Ohio

Strs Ohio raised its stake in Safehold Inc. (NYSE:SAFE) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,864 shares of the company’s stock after buying an additional 600 shares during the period. Strs Ohio’s holdings in Safehold were worth $3,413,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Safehold by 11.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,709,773 shares of the company’s stock valued at $137,234,000 after purchasing an additional 816,033 shares during the period. BlackRock Inc. raised its stake in Safehold by 51.4% during the 1st quarter. BlackRock Inc. now owns 7,325,064 shares of the company’s stock valued at $211,511,000 after purchasing an additional 2,487,183 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Safehold by 24.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,241,562 shares of the company’s stock valued at $64,154,000 after purchasing an additional 443,049 shares during the period. State Street Corp raised its stake in Safehold by 43.9% during the 1st quarter. State Street Corp now owns 2,114,552 shares of the company’s stock valued at $62,104,000 after purchasing an additional 645,322 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Safehold by 11.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,797,511 shares of the company’s stock valued at $63,578,000 after purchasing an additional 179,541 shares during the period. Institutional investors own 70.38% of the company’s stock.

Wall Street Analysts Forecast Growth

SAFE has been the topic of several recent analyst reports. JMP Securities initiated coverage on shares of Safehold in a research note on Tuesday, January 23rd. They set an “outperform” rating and a $35.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Safehold in a report on Thursday, January 4th. They set a “buy” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Mizuho lowered their price target on shares of Safehold from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.40.

Safehold Trading Up 1.5 %

Shares of NYSE:SAFE opened at $18.54 on Friday. The stock has a market capitalization of $1.32 billion, a PE ratio of -22.89 and a beta of 1.46. Safehold Inc. has a 1 year low of $15.00 and a 1 year high of $30.00. The firm has a fifty day moving average price of $20.13 and a 200 day moving average price of $19.83. 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 quarterly earnings data on Monday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $84.89 million. Safehold had a negative net margin of 15.59% and a positive return on equity of 4.31%. Safehold’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same period in the prior year, the company posted ($6.00) earnings per share. Analysts expect that Safehold Inc. will post 1.52 EPS for the current fiscal year.

Safehold Dividend Announcement

The firm also recently disclosed 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 yield of 3.82%. The ex-dividend date was Wednesday, March 27th. Safehold’s dividend payout ratio is presently -87.65%.

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.