Safehold Inc (NYSE:SAFE) Major Shareholder Acquires $484,650.00 in Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were bought at an average price of $32.31 per share, for a total transaction of $484,650.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Monday, July 8th, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was acquired at an average cost of $31.19 per share, for a total transaction of $467,850.00.
  • On Tuesday, July 2nd, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was acquired at an average cost of $30.14 per share, for a total transaction of $452,100.00.
  • On Thursday, June 27th, Istar Inc. acquired 10,000 shares of Safehold stock. The stock was acquired at an average cost of $28.64 per share, for a total transaction of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. acquired 9,186 shares of Safehold stock. The stock was acquired at an average cost of $28.75 per share, for a total transaction of $264,097.50.
  • On Friday, June 21st, Istar Inc. acquired 14,826 shares of Safehold stock. The stock was acquired at an average cost of $28.70 per share, for a total transaction of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was acquired at an average cost of $29.11 per share, for a total transaction of $436,650.00.
  • On Thursday, June 13th, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was acquired at an average cost of $28.51 per share, for a total transaction of $427,650.00.
  • On Monday, June 10th, Istar Inc. acquired 11,185 shares of Safehold stock. The stock was acquired at an average cost of $29.50 per share, for a total transaction of $329,957.50.
  • On Wednesday, June 5th, Istar Inc. acquired 36,000 shares of Safehold stock. The stock was acquired at an average cost of $29.10 per share, for a total transaction of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was acquired at an average cost of $27.95 per share, for a total transaction of $419,250.00.

Shares of Safehold stock opened at $32.52 on Friday. Safehold Inc has a 52 week low of $16.13 and a 52 week high of $33.22. The firm has a fifty day simple moving average of $29.53. The company has a market cap of $595.77 million, a P/E ratio of 50.81 and a beta of 0.26.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Safehold had a return on equity of 4.50% and a net margin of 31.96%. The firm had revenue of $21.80 million for the quarter, compared to the consensus estimate of $20.81 million. On average, equities analysts forecast that Safehold Inc will post 1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.156 per share. This is an increase from Safehold’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.92%. Safehold’s dividend payout ratio is presently 96.88%.

Several institutional investors and hedge funds have recently bought and sold shares of SAFE. FMR LLC grew its position in shares of Safehold by 7.7% during the 1st quarter. FMR LLC now owns 484,299 shares of the company’s stock worth $10,563,000 after buying an additional 34,628 shares in the last quarter. Angeles Investment Advisors LLC bought a new position in shares of Safehold during the 1st quarter worth $414,000. BlackRock Inc. grew its position in shares of Safehold by 3.0% during the 4th quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock worth $8,789,000 after buying an additional 13,408 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Safehold during the 4th quarter worth $218,000. Finally, Geode Capital Management LLC grew its position in shares of Safehold by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 88,180 shares of the company’s stock worth $1,658,000 after buying an additional 4,371 shares in the last quarter. 34.19% of the stock is currently owned by institutional investors and hedge funds.

SAFE has been the topic of several research analyst reports. ValuEngine downgraded Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.

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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

Further Reading: Support Level

Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

Receive News & Ratings for Safehold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safehold and related companies with MarketBeat.com's FREE daily email newsletter.