Berkeley Capital Partners LLC Purchases 10,789 Shares of Safehold Inc. (NYSE:SAFE)

Berkeley Capital Partners LLC lifted its position in Safehold Inc. (NYSE:SAFE) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,297 shares of the company’s stock after acquiring an additional 10,789 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Safehold were worth $1,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Safehold by 266.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock worth $9,171,000 after purchasing an additional 254,227 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Safehold by 1,683.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock worth $4,209,000 after purchasing an additional 214,979 shares in the last quarter. B&I Capital AG raised its holdings in Safehold by 75.3% in the fourth quarter. B&I Capital AG now owns 417,503 shares of the company’s stock worth $7,715,000 after purchasing an additional 179,376 shares in the last quarter. Heitman Real Estate Securities LLC bought a new position in Safehold in the third quarter worth about $3,683,000. Finally, Edgestream Partners L.P. bought a new position in Safehold in the fourth quarter worth about $2,217,000. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SAFE. Morgan Stanley downgraded shares of Safehold from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. The Goldman Sachs Group cut their price objective on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Finally, Wedbush restated a “neutral” rating and set a $19.00 price objective (down previously from $20.00) on shares of Safehold in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.56.

Safehold Price Performance

Shares of NYSE SAFE opened at $18.79 on Thursday. The business’s 50 day moving average price is $17.39 and its 200 day moving average price is $20.67. The firm has a market cap of $1.34 billion, a P/E ratio of 12.70 and a beta of 1.75. Safehold Inc. has a 52 week low of $15.55 and a 52 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 issued its earnings results on Wednesday, February 5th. The company reported $0.36 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 earned $0.36 EPS. On average, sell-side analysts expect 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.177 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a yield of 3.77%. Safehold’s dividend payout ratio is currently 47.30%.

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.