Safehold Inc. (NYSE:SAFE) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in Safehold Inc. (NYSE:SAFE) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,032 shares of the company’s stock after purchasing an additional 8,122 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of Safehold worth $980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after acquiring an additional 1,020 shares during the period. Tower Research Capital LLC TRC raised its stake in Safehold by 23.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock valued at $83,000 after purchasing an additional 849 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Safehold by 16.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock valued at $156,000 after purchasing an additional 1,173 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Safehold in the fourth quarter worth $169,000. Finally, Sage Investment Counsel LLC purchased a new position in Safehold in the fourth quarter valued at about $186,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SAFE shares. Truist Financial lowered their target price on Safehold from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday. Royal Bank of Canada cut their price target on Safehold from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Monday. Mizuho cut their price target on Safehold from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group decreased their price target on Safehold from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Finally, Morgan Stanley decreased their price target on Safehold from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Safehold Stock Performance

SAFE stock opened at $14.53 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 9.82 and a beta of 1.86. Safehold Inc. has a twelve month low of $13.68 and a twelve month high of $28.80. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82. The business’s fifty day moving average is $16.18 and its 200-day moving average is $17.81.

Safehold (NYSE:SAFE) last issued 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 business had revenue of $97.68 million for the quarter, compared to the consensus estimate of $95.55 million. Safehold had a return on equity of 4.76% and a net margin of 28.92%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. Equities research analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Monday, March 31st. Safehold’s dividend payout ratio (DPR) is presently 47.95%.

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.