Safehold Inc. $SAFE Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in shares of Safehold Inc. (NYSE:SAFE) by 74.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,727 shares of the company’s stock after selling 41,952 shares during the period. AlphaQuest LLC’s holdings in Safehold were worth $228,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Safehold by 21.1% during the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock worth $833,000 after acquiring an additional 7,743 shares in the last quarter. Amundi lifted its holdings in shares of Safehold by 2.6% during the first quarter. Amundi now owns 50,855 shares of the company’s stock valued at $906,000 after purchasing an additional 1,306 shares during the last quarter. AQR Capital Management LLC boosted 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 valued at $3,660,000 after purchasing an additional 179,319 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $576,000 after purchasing an additional 1,308 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Safehold by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock worth $8,120,000 after purchasing an additional 15,280 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 3.0%

SAFE opened at $15.56 on Wednesday. The company has a market capitalization of $1.12 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.86. The business has a 50-day moving average of $14.17 and a 200-day moving average of $14.71. The company has a debt-to-equity ratio of 1.86, a current ratio of 36.91 and a quick ratio of 36.91. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $19.53.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, December 30th. Safehold’s dividend payout ratio is currently 45.22%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAFE. Morgan Stanley lowered shares of Safehold from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $16.00 to $14.00 in a research note on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Safehold in a research report on Saturday, November 22nd. Citigroup reiterated a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Zacks Research raised shares of Safehold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Mizuho increased their target price on Safehold from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Safehold presently has an average rating of “Hold” and a consensus target price of $19.00.

Safehold Profile

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.