Robin Josephs Sells 9,500 Shares of Safehold (NYSE:SAFE) Stock

Safehold Inc. (NYSE:SAFE) Director Robin Josephs sold 9,500 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $14.56, for a total transaction of $138,320.00. Following the sale, the director owned 89,068 shares of the company’s stock, valued at approximately $1,296,830.08. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Safehold Price Performance

Shares of SAFE stock opened at $14.01 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The company has a market capitalization of $991.98 million, a PE ratio of 8.65, a price-to-earnings-growth ratio of 4.18 and a beta of 1.73. The firm’s 50-day moving average is $15.76 and its two-hundred day moving average is $15.34. Safehold Inc. has a 12 month low of $12.76 and a 12 month high of $17.45.

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

Safehold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, June 30th. Safehold’s dividend payout ratio is presently 43.83%.

Institutional Trading of Safehold

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

Analyst Ratings Changes

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

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is a real estate investment trust focused on owning and managing ground leases. Through its ground lease structure, Safehold acquires the land beneath commercial real estate properties and leases it to property owners under long-term agreements, allowing those owners to retain ownership of and operate the buildings on the sites.

The company’s ground lease investments support a range of property types, including multifamily housing, office buildings, hotels, life sciences facilities, student housing, industrial properties and retail assets.