Russell Investments Group Ltd. Purchases 43,430 Shares of Safehold Inc. $SAFE

Russell Investments Group Ltd. grew its position in shares of Safehold Inc. (NYSE:SAFE) by 24.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,782 shares of the company’s stock after purchasing an additional 43,430 shares during the period. Russell Investments Group Ltd.’s holdings in Safehold were worth $3,513,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Safehold by 1.3% in the second quarter. Principal Financial Group Inc. now owns 292,924 shares of the company’s stock worth $4,599,000 after buying an additional 3,703 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Safehold during the second quarter valued at $384,000. Breakwater Capital Group grew its position in Safehold by 13.4% during the second quarter. Breakwater Capital Group now owns 15,054 shares of the company’s stock worth $236,000 after buying an additional 1,775 shares in the last quarter. Bank of America Corp DE grew its position in Safehold by 110.4% during the first quarter. Bank of America Corp DE now owns 337,284 shares of the company’s stock worth $4,563,000 after buying an additional 177,001 shares in the last quarter. Finally, Amundi increased its stake in Safehold by 27.2% in the 1st quarter. Amundi now owns 49,316 shares of the company’s stock worth $667,000 after acquiring an additional 10,542 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Analysts Set New Price Targets

SAFE has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. Royal Bank Of Canada lowered Safehold from a “market outperform” rating to a “sector perform” rating and cut their price objective for the stock from $18.00 to $16.00 in a report on Friday, May 1st. Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings upgraded shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.17.

Safehold Stock Down 1.3%

Shares of NYSE:SAFE opened at $15.26 on Friday. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 4.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. Safehold Inc. has a 52-week low of $12.76 and a 52-week high of $17.45. The firm has a fifty day moving average of $16.04 and a 200 day moving average of $15.31.

Safehold (NYSE:SAFE) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.42 earnings per share 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 the consensus estimate of $110.78 million. As a group, research analysts anticipate that Safehold Inc. will post 1.65 EPS for the current fiscal year.

Safehold Announces Dividend

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

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.