Nomura Asset Management Co. Ltd. Purchases 2,800 Shares of Safehold Inc. (NYSE:SAFE)

Nomura Asset Management Co. Ltd. boosted its position in shares of Safehold Inc. (NYSE:SAFE) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 58,300 shares of the company’s stock after purchasing an additional 2,800 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Safehold were worth $1,077,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,020 shares in the last quarter. Vestcor Inc purchased a new position in Safehold in the 3rd quarter worth about $110,000. FMR LLC lifted its stake in Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after acquiring an additional 1,163 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Safehold by 16.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the company’s stock valued at $156,000 after acquiring an additional 1,173 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Safehold in the fourth quarter worth approximately $169,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Price Performance

Shares of Safehold stock opened at $18.36 on Thursday. The stock’s fifty day moving average is $17.72 and its 200 day moving average is $20.18. Safehold Inc. has a one year low of $15.55 and a one year 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 stock has a market cap of $1.31 billion, a P/E ratio of 12.41 and a beta of 1.62.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the prior year, the company earned $0.36 EPS. Sell-side analysts anticipate that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.177 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.86%. Safehold’s payout ratio is currently 47.30%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SAFE shares. The Goldman Sachs Group lowered their price objective on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a report on Thursday, February 6th. Finally, Wedbush reissued a “neutral” rating and issued a $20.00 target price on shares of Safehold in a report on Monday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Safehold has a consensus rating of “Hold” and an average price target of $25.67.

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.