Arrowstreet Capital Limited Partnership Has $5.54 Million Holdings in Safehold Inc. (NYSE:SAFE)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Safehold Inc. (NYSE:SAFE) by 40.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,649 shares of the company’s stock after acquiring an additional 86,967 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.42% of Safehold worth $5,538,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,020 shares in the last quarter. Vestcor Inc purchased a new position in shares of Safehold during the 3rd quarter valued at $110,000. FMR LLC increased its stake in shares of Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after acquiring an additional 1,163 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings 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 worth $156,000 after acquiring an additional 1,173 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Safehold during the fourth quarter valued at $169,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Stock Down 6.4 %

SAFE stock opened at $16.57 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.19 and a beta of 1.63. The company has a 50-day moving average of $17.78 and a two-hundred day moving average of $19.92. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59.

Safehold (NYSE:SAFE) last released its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the company posted $0.36 EPS. As a group, equities research analysts anticipate that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Monday, March 31st. Safehold’s dividend payout ratio (DPR) is currently 47.30%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAFE. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a research report on Thursday, February 6th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $30.00 to $19.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group reduced 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. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of Safehold in a research note on Monday, March 31st. Finally, Mizuho reduced their price objective on shares of Safehold from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Safehold has an average rating of “Hold” and an average price target of $25.00.

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.