Safehold Inc. $SAFE Shares Acquired by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC increased its stake in Safehold Inc. (NYSE:SAFE) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,199 shares of the company’s stock after acquiring an additional 4,730 shares during the period. Berkeley Capital Partners LLC owned approximately 0.18% of Safehold worth $2,057,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SAFE. US Bancorp DE raised its stake in shares of Safehold by 136.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the company’s stock valued at $41,000 after acquiring an additional 1,278 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Safehold by 117.2% in the second quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $61,000 after acquiring an additional 2,117 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Safehold in the second quarter valued at $188,000. PNC Financial Services Group Inc. raised its stake in shares of Safehold by 28.5% in the first quarter. PNC Financial Services Group Inc. now owns 10,863 shares of the company’s stock valued at $203,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Safehold by 21,147.2% in the first quarter. Signaturefd LLC now owns 11,261 shares of the company’s stock valued at $211,000 after acquiring an additional 11,208 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAFE. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. Truist Financial dropped their target price on Safehold from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. JMP Securities dropped their target price on Safehold from $32.00 to $28.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. Mizuho increased their target price on Safehold from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. dropped their target price on Safehold from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.89.

Safehold Stock Performance

Shares of SAFE stock opened at $15.55 on Tuesday. The stock’s 50-day moving average is $15.77 and its two-hundred day moving average is $15.39. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.39 and a beta of 1.85. Safehold Inc. has a 1 year low of $13.43 and a 1 year high of $24.61. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $50.20 million for the quarter. Safehold had a return on equity of 4.70% and a net margin of 27.45%. Analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.6%. Safehold’s dividend payout ratio (DPR) is presently 49.65%.

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.