Heitman Real Estate Securities LLC Invests $3.68 Million in Safehold Inc. (NYSE:SAFE)

Heitman Real Estate Securities LLC bought a new position in shares of Safehold Inc. (NYSE:SAFE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 140,414 shares of the company’s stock, valued at approximately $3,683,000. Heitman Real Estate Securities LLC owned about 0.20% of Safehold at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Safehold by 108.7% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $46,000 after acquiring an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares during the last quarter. KBC Group NV boosted its stake in Safehold by 79.3% in the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after purchasing an additional 1,275 shares during the period. FMR LLC grew its holdings in Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after buying an additional 1,163 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Safehold during the 2nd quarter worth $204,000. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

Shares of SAFE opened at $21.12 on Tuesday. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. The firm’s fifty day simple moving average is $22.88 and its two-hundred day simple moving average is $22.24. Safehold Inc. has a 12 month low of $17.91 and a 12 month high of $28.80. The stock has a market capitalization of $1.51 billion, a P/E ratio of 12.42 and a beta of 1.66.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Safehold had a return on equity of 4.79% and a net margin of 32.08%. The firm had revenue of $90.70 million for the quarter, compared to analysts’ expectations of $89.45 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict that Safehold Inc. will post 1.56 EPS for the current year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.177 per share. The ex-dividend date was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.35%. Safehold’s dividend payout ratio (DPR) is presently 41.76%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAFE. Wedbush restated a “neutral” rating and issued a $23.00 price target (down from $25.00) on shares of Safehold in a research note on Monday, November 4th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of Safehold in a report on Tuesday, October 29th. Truist Financial lifted their price target on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Monday, August 5th. Mizuho raised their price objective on Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Raymond James raised Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.22.

About Safehold

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.