Hsbc Holdings PLC Purchases 9,277 Shares of Safehold Inc. (NYSE:SAFE)

Hsbc Holdings PLC boosted its holdings in shares of Safehold Inc. (NYSE:SAFE) by 28.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,400 shares of the company’s stock after buying an additional 9,277 shares during the period. Hsbc Holdings PLC owned about 0.06% of Safehold worth $796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAFE. ProShare Advisors LLC boosted its position in shares of Safehold by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 9,728 shares of the company’s stock valued at $200,000 after acquiring an additional 676 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Safehold by 49.3% during the first quarter. GAMMA Investing LLC now owns 2,126 shares of the company’s stock valued at $44,000 after purchasing an additional 702 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Safehold by 7.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,463 shares of the company’s stock valued at $298,000 after purchasing an additional 949 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Safehold by 4.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 25,658 shares of the company’s stock worth $529,000 after buying an additional 1,156 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Safehold by 2.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 50,800 shares of the company’s stock worth $1,189,000 after buying an additional 1,300 shares during the period. Institutional investors own 70.38% of the company’s stock.

Safehold Price Performance

SAFE opened at $26.31 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 38.83 and a quick ratio of 38.83. The company’s 50 day simple moving average is $24.52 and its 200-day simple moving average is $21.27. Safehold Inc. has a one year low of $15.00 and a one year high of $28.80. The stock has a market capitalization of $1.88 billion, a P/E ratio of -58.47 and a beta of 1.65.

Safehold (NYSE:SAFE) last released its earnings results on Monday, July 29th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Safehold had a positive return on equity of 4.64% and a negative net margin of 5.76%. The company had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $87.28 million. During the same period last year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Safehold Inc. will post 1.59 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, September 30th. Safehold’s dividend payout ratio (DPR) is presently -155.56%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Safehold from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Raymond James upgraded shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Thursday, September 19th. Wedbush boosted their price target on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised their price objective on shares of Safehold from $25.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.56.

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.