Natixis Advisors LLC Lowers Holdings in Safehold Inc. (NYSE:SAFE)

Natixis Advisors LLC decreased its position in shares of Safehold Inc. (NYSE:SAFE) by 80.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,499 shares of the company’s stock after selling 57,004 shares during the quarter. Natixis Advisors LLC’s holdings in Safehold were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in Safehold during the 3rd quarter valued at $639,000. Intech Investment Management LLC lifted its stake in shares of Safehold by 76.4% during the 3rd quarter. Intech Investment Management LLC now owns 21,711 shares of the company’s stock worth $569,000 after purchasing an additional 9,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock worth $18,039,000 after purchasing an additional 39,320 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Safehold by 5.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock valued at $391,000 after buying an additional 823 shares in the last quarter. Finally, FMR LLC grew its holdings in Safehold by 24.9% in the third 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 owned by hedge funds and other institutional investors.

Safehold Stock Performance

Shares of SAFE stock opened at $18.06 on Friday. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. Safehold Inc. has a 12-month low of $15.55 and a 12-month high of $28.80. The business’s 50 day moving average is $17.61 and its two-hundred day moving average is $20.38. The company has a market capitalization of $1.29 billion, a P/E ratio of 12.20 and a beta of 1.75.

Safehold (NYSE:SAFE) last announced its 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 net margin of 28.92% and a return on equity of 4.76%. During the same period last year, the business earned $0.36 EPS. Analysts expect that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Monday, March 31st. Safehold’s dividend payout ratio is currently 47.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SAFE shares. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of Safehold in a research note on Thursday, February 6th. Wedbush restated a “neutral” rating and issued a $19.00 target price (down previously from $20.00) on shares of Safehold in a research note on Friday, February 7th. Morgan Stanley downgraded Safehold from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $30.00 to $19.00 in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group reduced their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Safehold has a consensus rating of “Hold” and an average target price of $25.56.

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.