NewEdge Wealth LLC Invests $10.53 Million in Safehold Inc. $SAFE

NewEdge Wealth LLC bought a new position in shares of Safehold Inc. (NYSE:SAFE) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 670,665 shares of the company’s stock, valued at approximately $10,529,000.

Other institutional investors have 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 in the fourth quarter valued at about $31,000. Russell Investments Group Ltd. boosted its stake in Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC acquired a new position in Safehold in the third quarter worth $57,000. Federation des caisses Desjardins du Quebec grew its holdings in shares of Safehold by 25.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after purchasing an additional 908 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Safehold by 98.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock worth $75,000 after purchasing an additional 2,393 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Royal Bank Of Canada downgraded shares of Safehold from a “market outperform” rating to a “sector perform” rating and reduced their price target for the stock from $18.00 to $16.00 in a research report on Friday, May 1st. Cantor Fitzgerald reissued a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. Raymond James Financial began coverage on shares of Safehold in a research report on Wednesday. They issued a “market perform” rating for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Two equities 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 MarketBeat, Safehold has a consensus rating of “Hold” and a consensus price target of $17.17.

Safehold Trading Up 2.4%

Shares of SAFE opened at $15.15 on Thursday. The stock’s fifty day simple moving average is $15.99 and its 200-day simple moving average is $15.34. The firm has a market capitalization of $1.07 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 4.41 and a beta of 1.75. Safehold Inc. has a 12-month low of $12.76 and a 12-month high of $17.45. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $114.65 million during 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%. As a group, research analysts predict that Safehold Inc. will post 1.64 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is 43.83%.

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.