Safehold Inc. (NYSE:SAFE) Stock Holdings Lifted by abrdn plc

abrdn plc raised its position in shares of Safehold Inc. (NYSE:SAFE) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,505 shares of the company’s stock after purchasing an additional 3,166 shares during the period. abrdn plc’s holdings in Safehold were worth $248,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased 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 buying an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 acquiring an additional 471 shares in the last quarter. KBC Group NV increased its holdings in shares of Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after acquiring an additional 1,275 shares during the last quarter. Vestcor Inc bought a new position in shares of Safehold in the 3rd quarter valued at approximately $110,000. Finally, FMR LLC lifted its holdings in Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after purchasing an additional 1,163 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a report on Thursday, February 6th. Wedbush reiterated a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Safehold in a research note on Friday, February 7th. Morgan Stanley downgraded shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. The Goldman Sachs Group decreased their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Royal Bank of Canada lifted their price objective on Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.56.

Safehold Stock Performance

NYSE:SAFE opened at $17.45 on Wednesday. The firm’s 50-day moving average is $18.11 and its 200-day moving average is $21.68. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 11.79 and a beta of 1.66. The company has a debt-to-equity ratio of 1.82, a quick ratio of 37.83 and a current ratio of 37.37. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter last year, the business earned $0.36 EPS. Equities research analysts anticipate that Safehold Inc. will post 1.59 earnings per share for the current year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.06%. Safehold’s payout ratio is 47.97%.

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.