Denali Advisors LLC Makes New Investment in Safehold Inc. $SAFE

Denali Advisors LLC purchased a new position in Safehold Inc. (NYSE:SAFEFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 309,600 shares of the company’s stock, valued at approximately $4,861,000. Denali Advisors LLC owned 0.44% of Safehold at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Safehold during the 4th quarter worth about $31,000. Russell Investments Group Ltd. grew its holdings in Safehold by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after buying an additional 1,789 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Safehold during the third quarter valued at about $57,000. Federation des caisses Desjardins du Quebec increased its position in shares of Safehold by 25.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after buying an additional 908 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Safehold by 98.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock worth $75,000 after buying an additional 2,393 shares in the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Stock Up 2.4%

SAFE stock opened at $15.15 on Thursday. The company’s 50 day moving average is $15.99 and its 200 day moving average is $15.34. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 4.41 and a beta of 1.75. The company has a current ratio of 34.37, a quick ratio of 34.36 and a debt-to-equity ratio of 1.77. Safehold Inc. has a 1-year low of $12.76 and a 1-year high of $17.45.

Safehold (NYSE:SAFEGet Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Safehold had a net margin of 27.70% and a return on equity of 4.76%. The business had revenue of $114.65 million during the quarter, compared to analyst estimates of $110.78 million. Sell-side analysts predict that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s payout ratio is currently 43.83%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SAFE shares. Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. The Goldman Sachs Group decreased their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Weiss Ratings upgraded shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Safehold in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.17.

Get Our Latest Stock Report on SAFE

Safehold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Safehold (NYSE:SAFE)

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