Safehold Inc (NYSE:SAFE) Major Shareholder Istar Inc. Acquires 22,500 Shares

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 22,500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $28.70 per share, with a total value of $645,750.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, August 20th, Istar Inc. bought 22,500 shares of Safehold stock. The shares were bought at an average cost of $29.04 per share, with a total value of $653,400.00.
  • On Thursday, August 15th, Istar Inc. bought 40,000 shares of Safehold stock. The shares were bought at an average cost of $28.52 per share, with a total value of $1,140,800.00.
  • On Friday, August 2nd, Istar Inc. bought 9,730 shares of Safehold stock. The shares were bought at an average cost of $33.34 per share, with a total value of $324,398.20.
  • On Wednesday, July 31st, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average cost of $33.42 per share, for a total transaction of $501,300.00.
  • On Friday, July 26th, Istar Inc. purchased 10,000 shares of Safehold stock. The stock was bought at an average cost of $33.35 per share, for a total transaction of $333,500.00.
  • On Wednesday, July 24th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average cost of $33.05 per share, for a total transaction of $495,750.00.
  • On Friday, July 19th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average cost of $32.15 per share, for a total transaction of $482,250.00.
  • On Tuesday, July 16th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average cost of $32.41 per share, for a total transaction of $486,150.00.
  • On Thursday, July 11th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average cost of $32.31 per share, for a total transaction of $484,650.00.
  • On Monday, July 8th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average cost of $31.19 per share, for a total transaction of $467,850.00.

Shares of SAFE opened at $27.80 on Friday. Safehold Inc has a fifty-two week low of $16.13 and a fifty-two week high of $34.14. The firm’s 50 day moving average price is $31.43 and its 200 day moving average price is $25.96. The company has a market cap of $992.68 million, a P/E ratio of 32.38 and a beta of 0.26.

Safehold (NYSE:SAFE) last announced its earnings results on Friday, July 26th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.12). Safehold had a return on equity of 4.57% and a net margin of 32.29%. The business had revenue of $19.68 million for the quarter, compared to analysts’ expectations of $19.77 million. As a group, research analysts predict that Safehold Inc will post 1.14 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA purchased a new stake in shares of Safehold in the 2nd quarter valued at approximately $36,000. Nisa Investment Advisors LLC increased its position in shares of Safehold by 83.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock valued at $47,000 after purchasing an additional 711 shares during the last quarter. Optimum Investment Advisors purchased a new stake in shares of Safehold in the 2nd quarter valued at approximately $103,000. Bessemer Group Inc. purchased a new stake in shares of Safehold in the 2nd quarter valued at approximately $184,000. Finally, Acadian Asset Management LLC increased its position in shares of Safehold by 49.4% in the 2nd quarter. Acadian Asset Management LLC now owns 7,446 shares of the company’s stock valued at $225,000 after purchasing an additional 2,462 shares during the last quarter. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on SAFE shares. Zacks Investment Research raised shares of Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research note on Saturday, August 10th. TheStreet raised shares of Safehold from a “c” rating to a “b-” rating in a research note on Wednesday, August 7th. ValuEngine downgraded shares of Safehold from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays upped their target price on shares of Safehold from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Sunday, August 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Safehold has a consensus rating of “Hold” and an average target price of $25.83.

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.

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

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