96,394 Shares in Safehold Inc. (NYSE:SAFE) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in Safehold Inc. (NYSE:SAFE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 96,394 shares of the company’s stock, valued at approximately $1,781,000. BNP Paribas Financial Markets owned about 0.13% of Safehold as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after acquiring an additional 1,020 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Safehold by 23.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock worth $83,000 after acquiring an additional 849 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock worth $156,000 after acquiring an additional 1,173 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Safehold in the 4th quarter worth approximately $169,000. Finally, Sage Investment Counsel LLC purchased a new position in Safehold in the 4th quarter worth approximately $186,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Trading Up 2.0%

NYSE:SAFE opened at $15.64 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.57 and a beta of 1.86. Safehold Inc. has a one year low of $13.68 and a one year high of $28.80. The business has a fifty day moving average price of $16.48 and a 200-day moving average price of $17.95.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $97.68 million during the quarter, compared to analyst estimates of $95.55 million. Safehold had a return on equity of 4.76% and a net margin of 28.92%. Safehold’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. Sell-side analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.177 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.71 annualized dividend and a dividend yield of 4.53%. Safehold’s dividend payout ratio (DPR) is 47.95%.

Analyst Upgrades and Downgrades

SAFE has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Mizuho decreased their target price on shares of Safehold from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group decreased their target price on shares of Safehold from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of Safehold in a research note on Monday, March 31st. Finally, 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, April 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.38.

Safehold Company 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.