Daiwa Securities Group Inc. Has $316,000 Position in Safehold Inc. (NYSE:SAFE)

Daiwa Securities Group Inc. reduced its holdings in Safehold Inc. (NYSE:SAFE) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,514 shares of the company’s stock after selling 715 shares during the period. Daiwa Securities Group Inc.’s holdings in Safehold were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAFE. Fifth Third Bancorp grew its position in shares of Safehold by 1,240.4% in the 3rd quarter. Fifth Third Bancorp now owns 1,394 shares of the company’s stock valued at $25,000 after acquiring an additional 1,290 shares during the period. Versant Capital Management Inc grew its position in shares of Safehold by 197.7% in the 4th quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock valued at $33,000 after acquiring an additional 931 shares during the period. CWM LLC grew its position in shares of Safehold by 66.7% in the 3rd quarter. CWM LLC now owns 2,506 shares of the company’s stock valued at $45,000 after acquiring an additional 1,003 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Safehold by 195.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $81,000 after buying an additional 2,994 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Safehold by 22.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,367 shares of the company’s stock worth $164,000 after buying an additional 1,700 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SAFE has been the subject of several research analyst reports. Royal Bank of Canada reduced their target price on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. The Goldman Sachs Group lifted their target price on shares of Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Mizuho reduced their target price on shares of Safehold from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Jefferies Financial Group initiated coverage on shares of Safehold in a report on Thursday, January 4th. They set a “buy” rating and a $33.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Safehold presently has an average rating of “Moderate Buy” and an average price target of $28.40.

Safehold Price Performance

Shares of Safehold stock opened at $18.20 on Friday. Safehold Inc. has a twelve month low of $15.00 and a twelve month high of $29.11. The company has a quick ratio of 36.61, a current ratio of 36.61 and a debt-to-equity ratio of 1.78. The company has a 50-day simple moving average of $19.97 and a two-hundred day simple moving average of $19.91. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -22.46 and a beta of 1.46.

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. The company 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%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($6.00) EPS. Analysts forecast that Safehold Inc. will post 1.53 EPS for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Wednesday, March 27th. Safehold’s 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.