Man Group plc purchased a new position in shares of Safehold Inc. (NYSE:SAFE – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 98,064 shares of the company’s stock, valued at approximately $1,540,000.
A number of other institutional investors and hedge funds have also modified their holdings of SAFE. Long Pond Capital LP purchased a new position in Safehold in the 4th quarter valued at approximately $12,936,000. NewEdge Wealth LLC acquired a new position in Safehold during the second quarter worth approximately $10,529,000. Denali Advisors LLC acquired a new stake in shares of Safehold during the 2nd quarter worth $4,861,000. Michelson Medical Research Foundation Inc. purchased a new position in shares of Safehold in the 2nd quarter worth about $4,629,000. Finally, Legal & General Group Plc acquired a new position in shares of Safehold in the 2nd quarter valued at about $4,603,000. Institutional investors and hedge funds own 70.38% of the company’s stock.
Safehold Trading Up 0.7%
NYSE:SAFE opened at $15.31 on Thursday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 4.53 and a beta of 1.73. Safehold Inc. has a one year low of $12.76 and a one year high of $17.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. The business’s 50-day simple moving average is $15.95 and its 200 day simple moving average is $15.39.
Safehold Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. Safehold’s dividend payout ratio is 43.83%.
Wall Street Analysts Forecast Growth
SAFE has been the subject of a number of research reports. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Raymond James Financial assumed coverage on shares of Safehold in a research report on Wednesday, August 19th. They issued a “market perform” rating for the company. Finally, The Goldman Sachs Group cut their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Safehold currently has an average rating of “Hold” and an average price target of $17.17.
Get Our Latest Stock Report on SAFE
Safehold Company 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.
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