Long Pond Capital LP Sells 971,260 Shares of Safehold Inc. (NYSE:SAFE)

Long Pond Capital LP decreased its position in shares of Safehold Inc. (NYSE:SAFE) by 55.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 765,465 shares of the company’s stock after selling 971,260 shares during the quarter. Safehold makes up 0.7% of Long Pond Capital LP’s investment portfolio, making the stock its 25th largest position. Long Pond Capital LP owned approximately 1.07% of Safehold worth $14,146,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in Safehold by 0.4% during the fourth quarter. Rhumbline Advisers now owns 163,179 shares of the company’s stock valued at $3,016,000 after purchasing an additional 663 shares during the last quarter. M&T Bank Corp boosted its holdings in Safehold by 3.4% in the 4th quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock worth $509,000 after buying an additional 899 shares during the period. Corient Private Wealth LLC grew its stake in Safehold by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 14,260 shares of the company’s stock valued at $264,000 after buying an additional 924 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Safehold by 268.4% in the 4th 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 in the last quarter. Finally, FMR LLC raised its holdings in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after acquiring an additional 1,163 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

SAFE has been the subject of several recent research reports. Mizuho reduced their price target on Safehold from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of Safehold in a research report on Monday, March 31st. The Goldman Sachs Group cut their price objective on shares of Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00.

Safehold Stock Up 0.9 %

Shares of NYSE:SAFE opened at $15.24 on Thursday. The firm has a market capitalization of $1.09 billion, a PE ratio of 10.30 and a beta of 1.63. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. Safehold Inc. has a 52-week low of $13.68 and a 52-week high of $28.80. The firm has a fifty day moving average of $17.53 and a 200 day moving average of $19.35.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting 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 in the previous year, the company posted $0.36 earnings per share. As a group, research analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Monday, March 31st. Safehold’s 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.