12,106 Shares in Safehold Inc. $SAFE Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC purchased a new position in Safehold Inc. (NYSE:SAFE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,106 shares of the company’s stock, valued at approximately $188,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAFE. US Bancorp DE boosted its stake in Safehold by 136.4% in 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 period. GAMMA Investing LLC boosted its stake in Safehold by 117.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock worth $61,000 after purchasing an additional 2,117 shares during the period. PNC Financial Services Group Inc. boosted its stake in Safehold by 28.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,863 shares of the company’s stock worth $203,000 after purchasing an additional 2,408 shares during the period. Signaturefd LLC boosted its stake in Safehold by 21,147.2% in the 1st quarter. Signaturefd LLC now owns 11,261 shares of the company’s stock worth $211,000 after purchasing an additional 11,208 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Safehold in the 2nd quarter worth approximately $211,000. 70.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SAFE has been the subject of several recent analyst reports. Mizuho upped their price target on Safehold from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Truist Financial lowered their target price on Safehold from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Saturday. JMP Securities lowered their target price on Safehold from $32.00 to $28.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.89.

Safehold Stock Up 1.3%

NYSE:SAFE opened at $15.73 on Friday. Safehold Inc. has a twelve month low of $13.43 and a twelve month high of $23.90. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.85. The stock has a fifty day simple moving average of $15.81 and a 200-day simple moving average of $15.40. 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 earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The business had revenue of $50.20 million during the quarter. Analysts anticipate that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.177 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.5%. Safehold’s dividend payout ratio (DPR) is currently 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.