10,040 Shares in Safehold Inc. (NYSE:SAFE) Bought by Sage Investment Counsel LLC

Sage Investment Counsel LLC acquired a new position in shares of Safehold Inc. (NYSE:SAFE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,040 shares of the company’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Safehold by 35.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after buying an additional 471 shares during the period. KBC Group NV lifted its holdings in Safehold by 79.3% during the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after buying an additional 1,275 shares during the period. Vestcor Inc acquired a new position in Safehold during the 3rd quarter worth about $110,000. FMR LLC lifted its holdings in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after buying an additional 1,163 shares during the period. Finally, First Trust Direct Indexing L.P. acquired a new position in Safehold during the 3rd quarter worth about $234,000. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Up 1.9 %

SAFE stock opened at $18.59 on Friday. The stock’s 50 day simple moving average is $17.29 and its 200 day simple moving average is $21.22. Safehold Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The company has a market cap of $1.33 billion, a P/E ratio of 12.56 and a beta of 1.66.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same quarter in the prior year, the company posted $0.36 EPS. On average, research analysts expect that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s dividend payout ratio (DPR) is currently 47.30%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SAFE shares. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. Morgan Stanley downgraded Safehold from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $30.00 to $19.00 in a report on Wednesday, January 15th. Wedbush reissued a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of Safehold in a research note on Friday, February 7th. Finally, The Goldman Sachs Group dropped their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.56.

About Safehold

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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.