NewEdge Wealth LLC Decreases Stock Position in Safehold Inc. $SAFE

NewEdge Wealth LLC decreased its stake in shares of Safehold Inc. (NYSE:SAFE) by 27.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,256,200 shares of the company’s stock after selling 473,226 shares during the period. NewEdge Wealth LLC’s holdings in Safehold were worth $18,064,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in shares of Safehold by 928.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the last quarter. Russell Investments Group Ltd. grew its stake 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 purchasing an additional 1,789 shares in the last quarter. Versant Capital Management Inc raised its stake in Safehold by 179.1% in the third quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock valued at $65,000 after buying an additional 2,711 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Safehold during the 2nd quarter worth about $74,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 2,393 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAFE. Citigroup reissued a “market outperform” rating on shares of Safehold in a research report on Monday, December 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. Morgan Stanley cut shares of Safehold from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Truist Financial upped their price target on shares of Safehold from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.11.

Safehold Trading Down 3.0%

NYSE:SAFE opened at $15.62 on Thursday. Safehold Inc. has a 12-month low of $12.76 and a 12-month high of $19.53. The company has a current ratio of 34.97, a quick ratio of 34.97 and a debt-to-equity ratio of 1.88. The stock’s 50 day simple moving average is $14.39 and its 200-day simple moving average is $14.76. The firm has a market cap of $1.12 billion, a P/E ratio of 9.76, a PEG ratio of 2.23 and a beta of 1.86.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $97.87 million for the quarter, compared to analyst estimates of $96.71 million. Safehold had a net margin of 29.69% and a return on equity of 4.92%. Equities analysts anticipate that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, December 30th. Safehold’s payout ratio is 44.38%.

Safehold 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.