Inceptionr LLC Buys 5,116 Shares of Safehold Inc. (NYSE:SAFE)

Inceptionr LLC raised its position in shares of Safehold Inc. (NYSE:SAFE) by 50.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,173 shares of the company’s stock after acquiring an additional 5,116 shares during the quarter. Inceptionr LLC’s holdings in Safehold were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Safehold by 268.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after buying an additional 1,020 shares during the period. KBC Group NV grew its holdings in Safehold by 79.3% in the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after purchasing an additional 1,275 shares during the period. Vestcor Inc bought a new position in shares of Safehold during the third quarter valued at approximately $110,000. FMR LLC lifted its holdings in shares of Safehold by 24.9% during the third quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Sage Investment Counsel LLC bought a new stake in shares of Safehold in the 4th quarter worth approximately $186,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley downgraded Safehold from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reissued a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of Safehold in a research report on Friday, February 7th. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.56.

Safehold Price Performance

SAFE opened at $18.65 on Monday. The company’s 50-day simple moving average is $17.23 and its two-hundred day simple moving average is $20.98. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The stock has a market capitalization of $1.33 billion, a P/E ratio of 12.60 and a beta of 1.75. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59.

Safehold (NYSE:SAFE) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period in the previous year, the company earned $0.36 EPS. As a group, analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

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.