10,040 Shares in Safehold Inc. (NYSE:SAFE) Acquired by Sage Investment Counsel LLC

Sage Investment Counsel LLC purchased a new position in shares of Safehold Inc. (NYSE:SAFE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,040 shares of the company’s stock, valued at approximately $186,000.

Several other hedge funds have also added to or reduced their stakes in SAFE. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares during the last quarter. KBC Group NV lifted its holdings in Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after purchasing an additional 1,275 shares during the last quarter. Vestcor Inc acquired a new stake in Safehold during the 3rd quarter worth approximately $110,000. FMR LLC increased its stake in Safehold by 24.9% during the 3rd 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 period. Finally, First Trust Direct Indexing L.P. bought a new position in Safehold during the 3rd quarter worth $234,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Safehold Trading Up 1.9 %

Shares of SAFE opened at $18.59 on Friday. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The business’s fifty day moving average is $17.29 and its 200-day moving average is $21.22. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.56 and a beta of 1.66.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 business posted $0.36 EPS. Equities analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.71 dividend on an annualized basis and a yield of 3.81%. Safehold’s dividend payout ratio is currently 47.30%.

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.