Safehold (NYSE:SAFE) Director Robin Josephs Sells 9,500 Shares

Safehold Inc. (NYSE:SAFE) Director Robin Josephs sold 9,500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total transaction of $138,320.00. Following the completion of the sale, the director owned 89,068 shares in the company, valued at $1,296,830.08. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Safehold Price Performance

Shares of NYSE SAFE opened at $14.01 on Friday. The company has a current ratio of 34.37, a quick ratio of 34.36 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average price is $15.76 and its 200 day moving average price is $15.34. Safehold Inc. has a 52 week low of $12.76 and a 52 week high of $17.45. The stock has a market cap of $991.98 million, a price-to-earnings ratio of 8.65, a PEG ratio of 4.28 and a beta of 1.73.

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

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is 43.83%.

Institutional Investors Weigh In On Safehold

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Safehold by 2.1% during the second quarter. BlackRock Inc. now owns 9,938,575 shares of the company’s stock worth $156,036,000 after purchasing an additional 200,628 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Safehold by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after purchasing an additional 6,255 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Safehold in the 4th quarter valued at $12,936,000. California State Teachers Retirement System boosted its holdings in shares of Safehold by 1,761.8% in the 2nd quarter. California State Teachers Retirement System now owns 808,032 shares of the company’s stock valued at $12,686,000 after purchasing an additional 764,632 shares during the last quarter. Finally, NewEdge Wealth LLC purchased a new stake in shares of Safehold during the 2nd quarter valued at $10,529,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAFE has been the topic of a number of recent research reports. Weiss Ratings raised Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Cantor Fitzgerald reissued a “neutral” rating on shares of Safehold in a research 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. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Raymond James Financial initiated coverage on Safehold in a research note on Wednesday, August 19th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.