Nomura Asset Management Co. Ltd. Has $1.19 Million Stake in Safehold Inc. (NYSE:SAFE)

Nomura Asset Management Co. Ltd. increased its stake in shares of Safehold Inc. (NYSE:SAFEFree Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,800 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Safehold worth $1,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAFE. UBS Group AG raised its holdings in shares of Safehold by 1,002.8% during the fourth quarter. UBS Group AG now owns 2,206,178 shares of the company’s stock worth $51,625,000 after acquiring an additional 2,006,133 shares during the period. Aew Capital Management L P acquired a new stake in Safehold in the 4th quarter valued at $25,605,000. Vanguard Group Inc. increased its stake in 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. Monashee Investment Management LLC acquired a new stake in Safehold in the 3rd quarter valued at $3,480,000. Finally, Russell Investments Group Ltd. increased its stake in Safehold by 544,990.9% in the 4th quarter. Russell Investments Group Ltd. now owns 179,880 shares of the company’s stock valued at $4,209,000 after buying an additional 179,847 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Stock Performance

Shares of NYSE:SAFE opened at $19.28 on Friday. The company’s 50 day moving average price is $19.46 and its two-hundred day moving average price is $20.48. Safehold Inc. has a 12-month low of $15.00 and a 12-month high of $26.82. The firm has a market cap of $1.38 billion, a PE ratio of -42.84 and a beta of 1.48. The company has a quick ratio of 42.51, a current ratio of 42.51 and a debt-to-equity ratio of 1.78.

Safehold (NYSE:SAFEGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Safehold had a negative net margin of 7.87% and a positive return on equity of 4.43%. The firm had revenue of $93.20 million for the quarter, compared to analyst estimates of $88.20 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts predict that Safehold Inc. will post 1.54 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.67%. Safehold’s payout ratio is presently -155.56%.

Analyst Upgrades and Downgrades

SAFE has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Safehold from $32.00 to $29.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Mizuho lowered shares of Safehold from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $20.00 in a research note on Friday, May 10th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.22.

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About Safehold

(Free Report)

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.

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Institutional Ownership by Quarter for Safehold (NYSE:SAFE)

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