Infrastructure Capital Advisors LLC Acquires Shares of 72,508 Safehold Inc. $SAFE

Infrastructure Capital Advisors LLC purchased a new stake in Safehold Inc. (NYSE:SAFE) during the second quarter, HoldingsChannel.com reports. The firm purchased 72,508 shares of the company’s stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Safehold during the 4th quarter worth $31,000. Russell Investments Group Ltd. increased its holdings in shares of Safehold by 115.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock valued at $52,000 after purchasing an additional 1,789 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Safehold in the 3rd quarter valued at about $57,000. Federation des caisses Desjardins du Quebec lifted its stake in shares of Safehold by 25.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock valued at $61,000 after purchasing an additional 908 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Safehold by 98.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after purchasing an additional 2,393 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Trading Down 0.1%

Shares of SAFE opened at $15.35 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The firm has a 50 day simple moving average of $15.96 and a 200-day simple moving average of $15.36. Safehold Inc. has a 1-year low of $12.76 and a 1-year high of $17.45. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 4.58 and a beta of 1.75.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%.The firm had revenue of $114.65 million during the quarter, compared to the consensus estimate of $110.78 million. Equities analysts forecast that Safehold Inc. will post 1.64 EPS for the current fiscal year.

Safehold Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group decreased their price target on Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a research note on Tuesday, August 4th. Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and dropped their price target for the company from $18.00 to $16.00 in a research report on Friday, May 1st. Wall Street Zen upgraded Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Zacks Research raised Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Safehold currently has a consensus rating of “Hold” and an average price target of $17.17.

Safehold Company 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.