Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. bought 119,658 shares of Safetyome & Growth stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average price of $18.96 per share, for a total transaction of $2,268,715.68. Following the acquisition, the insider now directly owns 5,452,185 shares in the company, valued at approximately $103,373,427.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, August 4th, Istar Inc. purchased 76,136 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.85 per share, for a total transaction of $1,435,163.60.
  • On Wednesday, August 2nd, Istar Inc. purchased 114,292 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.49 per share, for a total transaction of $2,113,259.08.
  • On Friday, July 28th, Istar Inc. purchased 97,499 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $18.55 per share, for a total transaction of $1,808,606.45.
  • On Tuesday, July 25th, Istar Inc. purchased 19,600 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $19.25 per share, for a total transaction of $377,300.00.
  • On Tuesday, June 27th, Istar Inc. bought 2,250,000 shares of Safetyome & Growth stock. The stock was bought at an average cost of $20.00 per share, with a total value of $45,000,000.00.

Safety Income & Growth Inc (SAFE) traded down 1.06% on Wednesday, reaching $18.72. 174,354 shares of the company’s stock traded hands. The firm has a market cap of $340.52 million and a price-to-earnings ratio of 112.10. Safety Income & Growth Inc has a 52-week low of $18.02 and a 52-week high of $20.00. The stock’s 50 day moving average is $19.18 and its 200 day moving average is $19.18.

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A number of institutional investors have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. acquired a new stake in shares of Safetyome & Growth during the second quarter worth about $196,000. Forward Management LLC purchased a new stake in Safetyome & Growth during the second quarter valued at $4,213,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Safetyome & Growth during the second quarter valued at $6,703,000.

Several research firms have recently weighed in on SAFE. J P Morgan Chase & Co assumed coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They issued a “neutral” rating and a $21.00 target price for the company. Barclays PLC assumed coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They set an “equal weight” rating and a $21.00 target price for the company. Raymond James Financial, Inc. assumed coverage on shares of Safetyome & Growth in a research note on Tuesday, July 18th. They set a “market perform” rating for the company. UBS AG assumed coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They set a “market perform” rating for the company. Finally, Ladenburg Thalmann Financial Services began coverage on shares of Safetyome & Growth in a research note on Friday, July 14th. They set a “buy” rating and a $22.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.00.

About Safetyome & Growth

Insider Buying and Selling by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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