Safehold Inc. $SAFE Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in Safehold Inc. (NYSE:SAFE) by 227.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,075 shares of the company’s stock after buying an additional 44,530 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.09% of Safehold worth $867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAFE. Royal Bank of Canada grew its holdings in shares of Safehold by 21.1% in the 1st quarter. Royal Bank of Canada now owns 44,462 shares of the company’s stock worth $833,000 after acquiring an additional 7,743 shares during the period. Amundi raised its holdings in Safehold by 2.6% during the first quarter. Amundi now owns 50,855 shares of the company’s stock worth $906,000 after purchasing an additional 1,306 shares during the last quarter. AQR Capital Management LLC boosted its position in Safehold by 1,106.2% during the first quarter. AQR Capital Management LLC now owns 195,530 shares of the company’s stock worth $3,660,000 after purchasing an additional 179,319 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Safehold by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,778 shares of the company’s stock worth $576,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Safehold by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after purchasing an additional 15,280 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Safehold Stock Performance

Safehold stock opened at $16.42 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 35.59 and a current ratio of 35.02. The stock has a fifty day moving average of $15.90 and a two-hundred day moving average of $15.26. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.07 and a beta of 1.75. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $17.45.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $114.65 million during the quarter, compared to analysts’ expectations of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. On average, analysts anticipate that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.71 annualized dividend and a yield of 4.3%. Safehold’s payout ratio is presently 43.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SAFE shares. Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and dropped their price target for the company from $18.00 to $16.00 in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, The Goldman Sachs Group cut their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Safehold presently has an average rating of “Hold” and an average price target of $18.71.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.