Two Sigma Investments LP Raises Position in Safehold Inc. (NYSE:SAFE)

Two Sigma Investments LP raised its holdings in Safehold Inc. (NYSE:SAFE) by 56.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,687 shares of the company’s stock after buying an additional 10,740 shares during the period. Two Sigma Investments LP’s holdings in Safehold were worth $549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company’s stock valued at $11,942,000 after purchasing an additional 487,886 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Safehold by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company’s stock valued at $19,424,000 after purchasing an additional 388,899 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Safehold by 8.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,266,769 shares of the company’s stock valued at $78,850,000 after purchasing an additional 336,458 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Safehold by 1,683.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock valued at $4,209,000 after purchasing an additional 214,979 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Safehold by 410.3% in the 4th quarter. First Trust Advisors LP now owns 248,997 shares of the company’s stock valued at $4,601,000 after purchasing an additional 200,204 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Price Performance

Shares of NYSE:SAFE opened at $15.36 on Monday. The company’s fifty day moving average price is $15.44 and its 200 day moving average price is $17.35. Safehold Inc. has a 12 month low of $13.68 and a 12 month high of $28.80. 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 $1.10 billion, a P/E ratio of 10.38 and a beta of 1.80.

Safehold (NYSE:SAFE) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $95.55 million. Safehold had a net margin of 28.92% and a return on equity of 4.76%. Safehold’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. As a group, sell-side analysts predict that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 4.61%. Safehold’s dividend payout ratio is presently 47.95%.

Analyst Upgrades and Downgrades

SAFE has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Safehold from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. The Goldman Sachs Group reduced their price objective on shares of Safehold from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Royal Bank of Canada reduced their price objective on shares of Safehold from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, May 19th. Mizuho cut their price target 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. Finally, Truist Financial cut their price target on shares of Safehold from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Safehold has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

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.