Safehold Inc. (NYSE:SAFE) Stake Lessened by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Safehold Inc. (NYSE:SAFE) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,439 shares of the company’s stock after selling 1,268 shares during the quarter. Alliancebernstein L.P.’s holdings in Safehold were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of Safehold by 268.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after acquiring an additional 1,020 shares during the period. FMR LLC boosted its stake 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 in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Safehold by 16.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock valued at $156,000 after purchasing an additional 1,173 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Safehold in the fourth quarter worth about $169,000. Finally, Sage Investment Counsel LLC acquired a new stake in Safehold during the 4th quarter worth $186,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Safehold Stock Performance

Shares of Safehold stock opened at $15.28 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. The company has a market cap of $1.09 billion, a PE ratio of 10.32 and a beta of 1.63. The company has a 50 day moving average of $17.44 and a 200-day moving average of $19.20. Safehold Inc. has a 1-year low of $13.68 and a 1-year high of $28.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings data 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 in the prior year, the business posted $0.36 earnings per share. As a group, equities research analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Monday, March 31st. Safehold’s payout ratio is 47.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Mizuho dropped their price target on Safehold from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Safehold in a research report on Monday, March 31st. Finally, Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Safehold has an average rating of “Moderate Buy” and a consensus price target of $25.50.

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.