Nisa Investment Advisors LLC Sells 1,783 Shares of Safehold Inc. (NYSE:SAFE)

Nisa Investment Advisors LLC lowered its stake in shares of Safehold Inc. (NYSE:SAFE) by 10.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,729 shares of the company’s stock after selling 1,783 shares during the period. Nisa Investment Advisors LLC’s holdings in Safehold were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SAFE. T. Rowe Price Investment Management Inc. increased its holdings in 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 worth $78,850,000 after acquiring an additional 336,458 shares in the last quarter. American Century Companies Inc. grew its holdings in Safehold by 11.1% during the 4th quarter. American Century Companies Inc. now owns 1,515,743 shares of the company’s stock valued at $28,011,000 after buying an additional 150,976 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Safehold by 58.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,051,078 shares of the company’s stock valued at $19,424,000 after buying an additional 388,899 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Safehold by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company’s stock valued at $13,251,000 after buying an additional 29,348 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Safehold by 308.1% during the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company’s stock valued at $11,942,000 after buying an additional 487,886 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAFE. Truist Financial cut their price objective on shares of Safehold from $20.00 to $18.00 and set a “hold” rating for the company in a report on Monday, May 19th. Morgan Stanley cut their price objective on shares of Safehold from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their target price on Safehold from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of Safehold in a research report on Monday, March 31st. Finally, Royal Bank Of Canada lowered their target price on Safehold from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Safehold currently has a consensus rating of “Hold” and a consensus price target of $22.33.

Safehold Stock Performance

SAFE stock opened at $15.19 on Thursday. The company has a quick ratio of 37.17, a current ratio of 37.17 and a debt-to-equity ratio of 1.82. The business’s fifty day simple moving average is $15.36 and its two-hundred day simple moving average is $16.44. Safehold Inc. has a twelve month low of $13.68 and a twelve month high of $28.80. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.47 and a beta of 1.79.

Safehold (NYSE:SAFE) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Safehold had a return on equity of 4.76% and a net margin of 28.20%. The business had revenue of $97.68 million for the quarter, compared to analyst estimates of $95.55 million. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.66%. Safehold’s dividend payout ratio is currently 48.63%.

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.