US Bancorp DE Purchases 1,278 Shares of Safehold Inc. $SAFE

US Bancorp DE lifted its position in shares of Safehold Inc. (NYSE:SAFE) by 136.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,215 shares of the company’s stock after acquiring an additional 1,278 shares during the period. US Bancorp DE’s holdings in Safehold were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in Safehold by 39.2% in the 4th quarter. Wells Fargo & Company MN now owns 39,719 shares of the company’s stock worth $734,000 after purchasing an additional 11,184 shares during the period. Invesco Ltd. grew its position in Safehold by 308.1% in the 4th quarter. Invesco Ltd. now owns 646,222 shares of the company’s stock worth $11,942,000 after purchasing an additional 487,886 shares during the period. Renaissance Technologies LLC bought a new stake in Safehold in the 4th quarter worth approximately $3,414,000. Barclays PLC grew its position in Safehold by 6.7% in the 4th quarter. Barclays PLC now owns 91,652 shares of the company’s stock worth $1,693,000 after purchasing an additional 5,720 shares during the period. Finally, Jump Financial LLC bought a new stake in Safehold in the 4th quarter worth approximately $489,000. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 3.6%

SAFE opened at $15.8450 on Wednesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. Safehold Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $28.80. The firm’s fifty day moving average is $15.10 and its 200 day moving average is $16.06. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.83.

Safehold (NYSE:SAFE) last released its earnings results on Tuesday, August 5th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The company had revenue of $93.84 million for the quarter, compared to analysts’ expectations of $94.05 million. During the same quarter in the previous year, the company earned $0.41 EPS. Safehold’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, June 30th. Safehold’s payout ratio is currently 49.65%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial cut their target price on shares of Safehold from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 19th. The Goldman Sachs Group cut their target price on shares of Safehold from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. cut their target price on shares of Safehold from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Mizuho dropped their price target on shares of Safehold from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Finally, Royal Bank Of Canada dropped their price target on shares of Safehold from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, May 19th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.89.

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.