SG Americas Securities LLC Raises Stock Holdings in Safehold Inc. $SAFE

SG Americas Securities LLC raised its position in Safehold Inc. (NYSE:SAFE) by 124.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,860 shares of the company’s stock after buying an additional 45,925 shares during the quarter. SG Americas Securities LLC’s holdings in Safehold were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Safehold by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock valued at $21,859,000 after buying an additional 279,664 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Safehold by 4.6% in the second quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock valued at $9,646,000 after purchasing an additional 27,395 shares during the period. Algert Global LLC increased its holdings in shares of Safehold by 137.4% in the third quarter. Algert Global LLC now owns 486,386 shares of the company’s stock valued at $7,534,000 after purchasing an additional 281,478 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Safehold by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after purchasing an additional 15,280 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Safehold by 2.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 346,067 shares of the company’s stock valued at $6,478,000 after purchasing an additional 8,348 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

SAFE has been the topic of a number of recent research reports. Mizuho boosted their target price on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Royal Bank Of Canada boosted their target price on Safehold from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Finally, Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Safehold presently has a consensus rating of “Hold” and an average target price of $19.25.

Safehold Trading Up 4.9%

Shares of SAFE stock opened at $14.41 on Thursday. The business’s fifty day moving average price is $14.82 and its 200 day moving average price is $14.53. Safehold Inc. has a 1-year low of $12.76 and a 1-year high of $17.16. The firm has a market capitalization of $1.04 billion, a PE ratio of 9.01, a P/E/G ratio of 1.37 and a beta of 1.84. The company has a debt-to-equity ratio of 1.88, a current ratio of 34.97 and a quick ratio of 34.97.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.92% and a net margin of 29.69%.The firm had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. As a group, sell-side analysts forecast that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Safehold’s dividend payout ratio is currently 44.38%.

About Safehold

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.