Safehold Inc (NYSE:SAFE) Major Shareholder Acquires $467,850.00 in Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average price of $31.19 per share, for a total transaction of $467,850.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Thursday, July 11th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $32.31 per share, for a total transaction of $484,650.00.
  • On Tuesday, July 2nd, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $30.14 per share, for a total transaction of $452,100.00.
  • On Thursday, June 27th, Istar Inc. bought 10,000 shares of Safehold stock. The shares were acquired at an average price of $28.64 per share, for a total transaction of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. bought 9,186 shares of Safehold stock. The shares were acquired at an average price of $28.75 per share, for a total transaction of $264,097.50.
  • On Friday, June 21st, Istar Inc. bought 14,826 shares of Safehold stock. The shares were acquired at an average price of $28.70 per share, for a total transaction of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $29.11 per share, for a total transaction of $436,650.00.
  • On Thursday, June 13th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $28.51 per share, for a total transaction of $427,650.00.
  • On Monday, June 10th, Istar Inc. bought 11,185 shares of Safehold stock. The shares were acquired at an average price of $29.50 per share, for a total transaction of $329,957.50.
  • On Wednesday, June 5th, Istar Inc. bought 36,000 shares of Safehold stock. The shares were acquired at an average price of $29.10 per share, for a total transaction of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $27.95 per share, for a total transaction of $419,250.00.

Safehold stock opened at $32.22 on Friday. Safehold Inc has a 52-week low of $16.13 and a 52-week high of $33.22. The stock’s 50 day moving average price is $29.47. The company has a market cap of $597.85 million, a price-to-earnings ratio of 50.34 and a beta of 0.26.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Safehold had a return on equity of 4.50% and a net margin of 31.96%. The firm had revenue of $21.80 million for the quarter, compared to the consensus estimate of $20.81 million. Analysts predict that Safehold Inc will post 1.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.156 per share. This is a positive change from Safehold’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.62 annualized dividend and a yield of 1.94%. Safehold’s dividend payout ratio (DPR) is presently 96.88%.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Safehold by 7.7% during the first quarter. FMR LLC now owns 484,299 shares of the company’s stock worth $10,563,000 after acquiring an additional 34,628 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Safehold by 10.5% during the first quarter. Pinnacle Associates Ltd. now owns 18,225 shares of the company’s stock worth $397,000 after acquiring an additional 1,725 shares in the last quarter. Angeles Investment Advisors LLC bought a new stake in shares of Safehold during the first quarter worth $414,000. Barclays PLC increased its position in shares of Safehold by 46.3% during the fourth quarter. Barclays PLC now owns 5,193 shares of the company’s stock worth $97,000 after acquiring an additional 1,643 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Safehold by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 88,180 shares of the company’s stock worth $1,658,000 after acquiring an additional 4,371 shares in the last quarter. Hedge funds and other institutional investors own 34.19% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.

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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

Further Reading: Buy Rating

Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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