Jefferies Financial Group Inc. Acquires Shares of 36,550 Safehold Inc. $SAFE

Jefferies Financial Group Inc. bought a new position in shares of Safehold Inc. (NYSE:SAFE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,550 shares of the company’s stock, valued at approximately $574,000. Jefferies Financial Group Inc. owned about 0.05% of Safehold as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Safehold in the fourth quarter worth about $31,000. Russell Investments Group Ltd. boosted its position in Safehold by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after acquiring an additional 1,789 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Safehold during the 3rd quarter valued at about $57,000. Federation des caisses Desjardins du Quebec grew its stake in Safehold by 25.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after acquiring an additional 908 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Safehold by 98.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after acquiring an additional 2,393 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

NYSE:SAFE opened at $15.17 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 4.58 and a beta of 1.75. The company’s 50-day moving average is $15.97 and its two-hundred day moving average is $15.38. Safehold Inc. has a 1-year low of $12.76 and a 1-year high of $17.45.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $114.65 million during the quarter, compared to analysts’ expectations of $110.78 million. Safehold had a net margin of 27.70% and a return on equity of 4.76%. Analysts forecast that Safehold Inc. will post 1.64 EPS for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.7%. Safehold’s dividend payout ratio (DPR) is 43.83%.

Analysts Set New Price Targets

SAFE has been the topic of several recent research reports. Cantor Fitzgerald restated a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. The Goldman Sachs Group cut their price target on Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a report on Friday, May 15th. Raymond James Financial started coverage on Safehold in a research report on Wednesday, August 19th. They set a “market perform” rating on the stock. Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Zacks Research upgraded Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.17.

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.