36,550 Shares in Safehold Inc. $SAFE Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Safehold Inc. (NYSE:SAFE) in the 2nd quarter, Holdings Channel.com reports. The fund bought 36,550 shares of the company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Safehold during the fourth quarter worth $31,000. Russell Investments Group Ltd. boosted its position in shares of Safehold by 115.0% during the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after buying an additional 1,789 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Safehold in the third quarter valued at $57,000. Federation des caisses Desjardins du Quebec grew its stake in shares of Safehold by 25.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after buying an additional 908 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Safehold by 98.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after buying an additional 2,393 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Trading Down 1.3%

SAFE opened at $15.17 on Tuesday. The business has a fifty day moving average price of $15.97 and a 200 day moving average price of $15.38. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. Safehold Inc. has a 12 month low of $12.76 and a 12 month high of $17.45. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 4.58 and a beta of 1.75.

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

Safehold Announces Dividend

The company also recently declared 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 was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.7%. Safehold’s payout ratio is currently 43.83%.

Analyst Upgrades and Downgrades

SAFE has been the topic of several research reports. Weiss Ratings raised Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Zacks Research raised Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Raymond James Financial assumed coverage on shares of Safehold in a research report on Wednesday, August 19th. They set a “market perform” rating on the stock. Finally, Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Safehold presently has a consensus rating of “Hold” and a consensus target price of $17.17.

Safehold Company Profile

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.