Safehold Inc. (NYSE:SAFE) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in shares of Safehold Inc. (NYSE:SAFE) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 287,310 shares of the company’s stock after selling 10,968 shares during the period. Prudential Financial Inc.’s holdings in Safehold were worth $5,309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAFE. Smartleaf Asset Management LLC grew its position in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after buying an additional 1,020 shares in the last quarter. Vestcor Inc acquired a new stake in Safehold in the third quarter valued at $110,000. FMR LLC boosted its stake in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after acquiring an additional 1,163 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Safehold by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock worth $156,000 after acquiring an additional 1,173 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Safehold in the 4th quarter worth about $169,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SAFE shares. Wedbush reaffirmed a “neutral” rating and set a $20.00 price target on shares of Safehold in a research report on Monday. The Goldman Sachs Group lowered their price target on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.67.

Safehold Stock Up 3.6 %

SAFE stock opened at $18.74 on Tuesday. The stock has a market cap of $1.34 billion, a PE ratio of 12.66 and a beta of 1.75. The firm’s 50-day simple moving average is $17.65 and its 200 day simple moving average is $20.26. Safehold Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 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 company earned $0.36 EPS. As a group, sell-side analysts predict that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.177 per share. The ex-dividend date is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 3.78%. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

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.