State of Wyoming Sells 15,577 Shares of Safehold Inc. $SAFE

State of Wyoming trimmed its position in Safehold Inc. (NYSE:SAFE) by 83.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,018 shares of the company’s stock after selling 15,577 shares during the period. State of Wyoming’s holdings in Safehold were worth $56,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. US Bancorp DE raised its holdings in Safehold by 136.4% during the 1st quarter. US Bancorp DE now owns 2,215 shares of the company’s stock worth $41,000 after purchasing an additional 1,278 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Safehold by 73.9% in the 1st quarter. Versant Capital Management Inc now owns 2,377 shares of the company’s stock worth $44,000 after acquiring an additional 1,010 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Safehold in the 1st quarter worth about $192,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Safehold in the 4th quarter valued at about $194,000. Finally, PNC Financial Services Group Inc. increased its position in Safehold by 28.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,863 shares of the company’s stock valued at $203,000 after buying an additional 2,408 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group cut their price target on Safehold from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Truist Financial dropped their price objective on Safehold from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 19th. JMP Securities lowered their target price on shares of Safehold from $32.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. Royal Bank Of Canada lowered their price objective on Safehold from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. lowered their price objective on Safehold from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.89.

Safehold Trading Down 0.3%

NYSE SAFE opened at $16.35 on Wednesday. Safehold Inc. has a 12 month low of $13.43 and a 12 month high of $28.80. The stock has a market cap of $1.17 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.48 and a beta of 1.85. The stock’s fifty day moving average price is $15.27 and its 200-day moving average price is $15.96. The company has a current ratio of 36.02, a quick ratio of 36.02 and a debt-to-equity ratio of 1.85.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $93.84 million for the quarter, compared to analysts’ expectations of $94.05 million. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. As a group, equities analysts forecast that Safehold Inc. will post 1.58 EPS for the current fiscal 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 issued a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 30th. Safehold’s dividend payout ratio is presently 49.65%.

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.