Safehold Inc. (NYSE:SAFE) Stock Holdings Lessened by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. cut its stake in shares of Safehold Inc. (NYSE:SAFE) by 26.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 485,945 shares of the company’s stock after selling 178,238 shares during the quarter. Mesirow Institutional Investment Management Inc. owned 0.68% of Safehold worth $9,374,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Safehold by 4.1% in the second quarter. Rhumbline Advisers now owns 167,142 shares of the company’s stock worth $3,224,000 after buying an additional 6,656 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Safehold in the 2nd quarter worth approximately $204,000. Peregrine Capital Management LLC boosted its stake in Safehold by 10.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 385,858 shares of the company’s stock worth $7,443,000 after purchasing an additional 35,046 shares during the period. Breakwater Capital Group grew its position in Safehold by 14.2% during the 2nd quarter. Breakwater Capital Group now owns 12,477 shares of the company’s stock worth $241,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Safehold by 7.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company’s stock valued at $9,080,000 after purchasing an additional 34,404 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Price Performance

NYSE SAFE opened at $24.52 on Wednesday. The company has a quick ratio of 38.83, a current ratio of 38.83 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $1.75 billion, a PE ratio of -54.49 and a beta of 1.65. Safehold Inc. has a 12-month low of $15.00 and a 12-month high of $26.05. The company has a 50 day moving average price of $22.27 and a two-hundred day moving average price of $20.54.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Monday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $89.90 million during the quarter, compared to analyst estimates of $87.28 million. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.64%. Safehold’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, equities analysts predict that Safehold Inc. will post 1.59 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.177 per share. The ex-dividend date was Friday, June 28th. This represents a $0.71 annualized dividend and a dividend yield of 2.89%. Safehold’s dividend payout ratio (DPR) is presently -155.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a report on Friday, June 28th. Truist Financial lifted their target price on Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Monday, August 5th. Mizuho lowered shares of Safehold from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Friday, May 10th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a report on Thursday, May 16th. Finally, Royal Bank of Canada dropped their price objective on shares of Safehold from $32.00 to $29.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.22.

Safehold 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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.