Safehold Inc. $SAFE Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of Safehold Inc. (NYSE:SAFE) by 46.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 168,833 shares of the company’s stock after buying an additional 53,540 shares during the period. Quantinno Capital Management LP’s holdings in Safehold were worth $2,284,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Safehold by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after acquiring an additional 6,255 shares in the last quarter. Long Pond Capital LP purchased a new stake in shares of Safehold in the fourth quarter worth approximately $12,936,000. Invesco Ltd. boosted its holdings in shares of Safehold by 4.6% during the second quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock worth $9,646,000 after purchasing an additional 27,395 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Safehold by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock worth $8,120,000 after purchasing an additional 15,280 shares during the period. Finally, Deutsche Bank AG grew its position in Safehold by 339.9% during the fourth quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after purchasing an additional 285,920 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Price Performance

Shares of NYSE:SAFE opened at $15.46 on Tuesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.75. The business has a 50-day moving average of $16.02 and a two-hundred day moving average of $15.30. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $17.45. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%.The business had revenue of $114.65 million for the quarter, compared to analyst estimates of $110.78 million. On average, equities research analysts predict that Safehold Inc. will post 1.66 EPS for the current fiscal year.

Safehold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.6%. Safehold’s dividend payout ratio is presently 43.83%.

Analyst Ratings Changes

A number of research firms have issued reports on SAFE. Weiss Ratings upgraded shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Wall Street Zen raised Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research raised Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group cut their price target on Safehold from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.71.

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.