Jane Street Group LLC Buys 8,122 Shares of Safehold Inc. (NYSE:SAFE)

Jane Street Group LLC increased its holdings in Safehold Inc. (NYSE:SAFEFree Report) by 18.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,032 shares of the company’s stock after purchasing an additional 8,122 shares during the period. Jane Street Group LLC’s holdings in Safehold were worth $980,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SAFE. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 1,020 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Safehold by 23.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,500 shares of the company’s stock valued at $83,000 after purchasing an additional 849 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Safehold by 16.1% in 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 during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Safehold in the 4th quarter worth about $169,000. Finally, Sage Investment Counsel LLC bought a new stake in Safehold in the 4th quarter worth about $186,000. Institutional investors own 70.38% of the company’s stock.

Safehold Price Performance

SAFE stock opened at $14.53 on Friday. The firm’s 50-day moving average price is $16.18 and its two-hundred day moving average price is $17.81. Safehold Inc. has a 12-month low of $13.68 and a 12-month high of $28.80. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.82 and a beta of 1.86. 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 (NYSE:SAFEGet Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Safehold had a net margin of 28.92% and a return on equity of 4.76%. The firm had revenue of $97.68 million for the quarter, compared to analyst estimates of $95.55 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.177 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 4.87%. Safehold’s dividend payout ratio (DPR) is presently 47.95%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SAFE shares. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Safehold in a research report on Monday, March 31st. Royal Bank of Canada cut their price objective on shares of Safehold from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Monday. Mizuho cut their price target on shares of Safehold from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Morgan Stanley lowered their price objective on shares of Safehold from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Safehold from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Check Out Our Latest Stock Analysis on SAFE

About Safehold

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Safehold (NYSE:SAFE)

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