Insider Buying: Safehold Inc (NYSE:SAFE) CEO Acquires 500 Shares of Stock

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Safehold Inc (NYSE:SAFE) CEO Jay Sugarman acquired 500 shares of Safehold stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average cost of $40.13 per share, with a total value of $20,065.00. Following the purchase, the chief executive officer now directly owns 36,664 shares of the company’s stock, valued at $1,471,326.32. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Jay Sugarman also recently made the following trade(s):

  • On Friday, November 29th, Jay Sugarman bought 600 shares of Safehold stock. The shares were bought at an average cost of $41.17 per share, for a total transaction of $24,702.00.
  • On Wednesday, November 27th, Jay Sugarman bought 400 shares of Safehold stock. The shares were bought at an average cost of $41.20 per share, for a total transaction of $16,480.00.
  • On Monday, November 25th, Jay Sugarman purchased 2,700 shares of Safehold stock. The stock was bought at an average price of $39.00 per share, for a total transaction of $105,300.00.
  • On Monday, November 18th, Jay Sugarman purchased 600 shares of Safehold stock. The stock was bought at an average cost of $35.71 per share, with a total value of $21,426.00.
  • On Friday, November 15th, Jay Sugarman acquired 400 shares of Safehold stock. The shares were bought at an average price of $36.46 per share, with a total value of $14,584.00.
  • On Wednesday, November 13th, Jay Sugarman acquired 300 shares of Safehold stock. The shares were bought at an average cost of $35.10 per share, for a total transaction of $10,530.00.
  • On Monday, November 11th, Jay Sugarman acquired 200 shares of Safehold stock. The shares were bought at an average cost of $34.08 per share, for a total transaction of $6,816.00.

Shares of SAFE opened at $42.13 on Wednesday. The company has a 50 day moving average of $35.73 and a two-hundred day moving average of $31.63. Safehold Inc has a twelve month low of $16.53 and a twelve month high of $42.29. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 65.83 and a beta of 0.46.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Safehold had a return on equity of 4.70% and a net margin of 32.27%. The business had revenue of $22.31 million for the quarter, compared to the consensus estimate of $21.74 million. As a group, research analysts anticipate that Safehold Inc will post 1.03 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. V3 Capital Management L.P. acquired a new position in Safehold during the third quarter valued at $3,830,000. UBS Group AG increased its stake in shares of Safehold by 4.0% during the second quarter. UBS Group AG now owns 2,023,611 shares of the company’s stock worth $61,113,000 after purchasing an additional 77,779 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Safehold by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 568,043 shares of the company’s stock worth $17,154,000 after purchasing an additional 71,109 shares during the last quarter. State Street Corp raised its position in shares of Safehold by 35.6% during the 3rd quarter. State Street Corp now owns 206,787 shares of the company’s stock worth $6,307,000 after purchasing an additional 54,320 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Safehold by 11.2% in the 2nd quarter. BlackRock Inc. now owns 533,274 shares of the company’s stock valued at $16,105,000 after buying an additional 53,799 shares in the last quarter. 20.97% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on SAFE shares. Zacks Investment Research downgraded shares of Safehold from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. TheStreet raised shares of Safehold from a “c” rating to a “b-” rating in a research report on Wednesday, August 7th. ValuEngine cut shares of Safehold from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Barclays reaffirmed a “sell” rating and issued a $29.00 price objective on shares of Safehold in a research report on Sunday, October 13th.

About Safehold

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.

Read More: Initial Coin Offerings entail a high degree of risk

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

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