Safehold Inc. $SAFE Stock Holdings Raised by Algert Global LLC

Algert Global LLC lifted its stake in shares of Safehold Inc. (NYSE:SAFE) by 137.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 486,386 shares of the company’s stock after purchasing an additional 281,478 shares during the period. Algert Global LLC owned about 0.68% of Safehold worth $7,534,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SAFE. Royal Bank of Canada increased its holdings in Safehold by 21.1% in the first quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock valued at $833,000 after buying an additional 7,743 shares during the last quarter. Amundi lifted its holdings in Safehold by 2.6% during the 1st quarter. Amundi now owns 50,855 shares of the company’s stock worth $906,000 after buying an additional 1,306 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Safehold by 1,106.2% in the 1st quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock worth $3,660,000 after acquiring an additional 179,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Safehold by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock worth $576,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Safehold by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after acquiring an additional 15,280 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Citigroup restated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Finally, Mizuho lifted their price target on shares of Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.33.

Safehold Price Performance

Shares of SAFE opened at $14.80 on Tuesday. Safehold Inc. has a 12 month low of $12.76 and a 12 month high of $19.32. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97. The stock has a fifty day moving average price of $15.06 and a 200 day moving average price of $14.81. The company has a market cap of $1.06 billion, a P/E ratio of 9.25, a PEG ratio of 2.01 and a beta of 1.80.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 11th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $97.87 million for the quarter, compared to analysts’ expectations of $96.71 million. Safehold had a return on equity of 4.92% and a net margin of 29.69%. On average, research analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Safehold’s payout ratio is presently 44.38%.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.