Safehold Inc. (NYSE:SAFE) Stock Holdings Increased by HGI Capital Management LLC

HGI Capital Management LLC grew its holdings in Safehold Inc. (NYSE:SAFE) by 74.5% during the 3rd quarter, Holdings Channel reports. The fund owned 212,887 shares of the company’s stock after purchasing an additional 90,866 shares during the period. Safehold makes up about 4.9% of HGI Capital Management LLC’s holdings, making the stock its 7th largest holding. HGI Capital Management LLC’s holdings in Safehold were worth $5,584,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Safehold by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,861,603 shares of the company’s stock valued at $161,949,000 after acquiring an additional 141,245 shares during the last quarter. Long Pond Capital LP boosted its holdings in shares of Safehold by 14.9% in the 2nd quarter. Long Pond Capital LP now owns 2,662,579 shares of the company’s stock valued at $51,361,000 after acquiring an additional 345,661 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Safehold by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock valued at $18,039,000 after acquiring an additional 39,320 shares during the last quarter. Sei Investments Co. boosted its holdings in Safehold by 3.2% during the second quarter. Sei Investments Co. now owns 670,065 shares of the company’s stock worth $12,926,000 after buying an additional 20,483 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Safehold by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 470,708 shares of the company’s stock worth $9,080,000 after buying an additional 34,404 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SAFE. Royal Bank of Canada increased their price target on shares of Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wedbush reissued a “neutral” rating and set a $23.00 price target (down from $25.00) on shares of Safehold in a report on Monday, November 4th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of Safehold in a report on Tuesday, October 29th. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Thursday, September 19th. Finally, Truist Financial increased their price objective on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.22.

Safehold Price Performance

Shares of NYSE SAFE opened at $21.32 on Friday. The firm has a 50-day simple moving average of $23.23 and a 200-day simple moving average of $22.21. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.54 and a beta of 1.68. The company has a quick ratio of 37.83, a current ratio of 37.83 and a debt-to-equity ratio of 1.85. Safehold Inc. has a 52 week low of $17.91 and a 52 week high of $28.80.

Safehold (NYSE:SAFE) last issued its earnings results on Monday, October 28th. The company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $90.70 million during the quarter, compared to analysts’ expectations of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. On average, equities analysts predict that Safehold Inc. will post 1.56 earnings per share for the current fiscal year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Monday, September 30th. Safehold’s dividend payout ratio (DPR) is 41.76%.

Safehold Company 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.