Cerity Partners LLC Purchases Shares of 118,152 Safehold Inc. (NYSE:SAFE)

Cerity Partners LLC acquired a new position in shares of Safehold Inc. (NYSE:SAFE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 118,152 shares of the company’s stock, valued at approximately $2,765,000. Cerity Partners LLC owned 0.17% of Safehold at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Safehold by 1,240.4% during the third quarter. Fifth Third Bancorp now owns 1,394 shares of the company’s stock worth $25,000 after buying an additional 1,290 shares during the last quarter. State of Wyoming acquired a new position in Safehold during the 2nd quarter valued at $25,000. Tower Research Capital LLC TRC boosted its holdings in Safehold by 470.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,717 shares of the company’s stock valued at $31,000 after purchasing an additional 1,416 shares during the period. Versant Capital Management Inc grew its position in Safehold by 197.7% in the 4th quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock worth $33,000 after purchasing an additional 931 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in shares of Safehold by 455.8% during the 1st quarter. Belpointe Asset Management LLC now owns 1,395 shares of the company’s stock worth $41,000 after purchasing an additional 1,144 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JMP Securities began coverage on Safehold in a research note on Tuesday, January 23rd. They issued an “outperform” rating and a $35.00 target price for the company. Jefferies Financial Group started coverage on Safehold in a research note on Thursday, January 4th. They issued a “buy” rating and a $33.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of Safehold from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Mizuho decreased their price objective on shares of Safehold from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Royal Bank of Canada cut their target price on shares of Safehold from $33.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.40.

Safehold Price Performance

NYSE SAFE opened at $18.54 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 36.61 and a current ratio of 36.61. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -22.89 and a beta of 1.46. The business has a 50 day simple moving average of $20.13 and a 200 day simple moving average of $19.83. Safehold Inc. has a 52-week low of $15.00 and a 52-week high of $30.00.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Monday, February 12th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $103.00 million during the quarter, compared to the consensus estimate of $84.89 million. Safehold had a negative net margin of 15.59% and a positive return on equity of 4.31%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($6.00) earnings per share. Analysts anticipate that Safehold Inc. will post 1.52 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.177 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.82%. Safehold’s dividend payout ratio (DPR) is -87.65%.

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.