Kennedy Capital Management LLC Grows Position in Safehold Inc. (NYSE:SAFE)

Kennedy Capital Management LLC raised its position in Safehold Inc. (NYSE:SAFE) by 69.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,462 shares of the company’s stock after purchasing an additional 29,206 shares during the quarter. Kennedy Capital Management LLC owned 0.10% of Safehold worth $1,472,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Strs Ohio lifted its stake in shares of Safehold by 0.4% during the 4th quarter. Strs Ohio now owns 145,864 shares of the company’s stock worth $3,413,000 after acquiring an additional 600 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Safehold by 7.5% in the first quarter. ProShare Advisors LLC now owns 9,728 shares of the company’s stock worth $200,000 after purchasing an additional 676 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Safehold by 6.8% in the 4th quarter. Handelsbanken Fonder AB now owns 11,043 shares of the company’s stock worth $258,000 after buying an additional 700 shares during the period. GAMMA Investing LLC lifted its holdings in Safehold by 49.3% during the 1st quarter. GAMMA Investing LLC now owns 2,126 shares of the company’s stock valued at $44,000 after buying an additional 702 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Safehold by 7.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,463 shares of the company’s stock valued at $298,000 after buying an additional 949 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

SAFE has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price target on shares of Safehold from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Wedbush lifted their price objective on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday. Mizuho cut shares of Safehold from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $20.00 in a report on Friday, May 10th. JPMorgan Chase & Co. reduced their price target on shares of Safehold from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Finally, Royal Bank of Canada reduced their price objective on shares of Safehold from $32.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.89.

Safehold Stock Performance

Shares of NYSE SAFE opened at $23.14 on Thursday. Safehold Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $25.02. The company has a debt-to-equity ratio of 1.76, a current ratio of 39.68 and a quick ratio of 42.51. The business has a 50-day simple moving average of $19.81 and a two-hundred day simple moving average of $19.97.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $89.90 million for the quarter, compared to analyst estimates of $87.28 million. Safehold had a negative net margin of 5.76% and a positive return on equity of 4.64%. Safehold’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, equities analysts forecast that Safehold Inc. will post 1.57 EPS for the current year.

Safehold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, June 28th. Safehold’s dividend payout ratio is presently -157.78%.

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.