Safehold Inc. (NYSE:SAFE) Holdings Raised by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in Safehold Inc. (NYSE:SAFE) by 39.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,719 shares of the company’s stock after purchasing an additional 11,184 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Safehold worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. acquired a new stake in Safehold during the 4th quarter valued at $345,000. ExodusPoint Capital Management LP grew its holdings in shares of Safehold by 141.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 146,286 shares of the company’s stock valued at $2,703,000 after buying an additional 85,584 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Safehold by 40.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,649 shares of the company’s stock valued at $5,538,000 after buying an additional 86,967 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Safehold by 5.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 58,300 shares of the company’s stock worth $1,077,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Norges Bank acquired a new stake in Safehold during the 4th quarter worth about $2,552,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Stock Performance

SAFE opened at $15.72 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The company has a market cap of $1.13 billion, a PE ratio of 10.62 and a beta of 1.63. The stock has a 50-day moving average of $17.13 and a 200-day moving average of $18.61. Safehold Inc. has a 52-week low of $13.68 and a 52-week high of $28.80.

Safehold (NYSE:SAFE) last announced its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, equities research analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.177 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 4.50%. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SAFE shares. The Goldman Sachs Group dropped their target price on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Mizuho dropped their price objective on shares of Safehold from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley decreased their target price on shares of Safehold from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Safehold in a research report on Monday, March 31st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.25.

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.