Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 22,500 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $28.59 per share, for a total transaction of $643,275.00. Following the completion of the purchase, the insider now directly owns 26,923,393 shares in the company, valued at $769,739,805.87. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, September 3rd, Istar Inc. bought 22,500 shares of Safehold stock. The shares were acquired at an average price of $29.03 per share, for a total transaction of $653,175.00.
  • On Wednesday, August 28th, Istar Inc. bought 34,500 shares of Safehold stock. The shares were acquired at an average price of $28.76 per share, for a total transaction of $992,220.00.
  • On Friday, August 23rd, Istar Inc. acquired 22,500 shares of Safehold stock. The stock was purchased at an average price of $28.70 per share, for a total transaction of $645,750.00.
  • On Tuesday, August 20th, Istar Inc. acquired 22,500 shares of Safehold stock. The stock was purchased at an average price of $29.04 per share, for a total transaction of $653,400.00.
  • On Thursday, August 15th, Istar Inc. acquired 40,000 shares of Safehold stock. The stock was purchased at an average price of $28.52 per share, for a total transaction of $1,140,800.00.
  • On Friday, August 2nd, Istar Inc. acquired 9,730 shares of Safehold stock. The stock was purchased at an average price of $33.34 per share, for a total transaction of $324,398.20.
  • On Wednesday, July 31st, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was purchased at an average price of $33.42 per share, for a total transaction of $501,300.00.
  • On Friday, July 26th, Istar Inc. acquired 10,000 shares of Safehold stock. The stock was purchased at an average price of $33.35 per share, for a total transaction of $333,500.00.
  • On Wednesday, July 24th, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was purchased at an average price of $33.05 per share, for a total transaction of $495,750.00.
  • On Friday, July 19th, Istar Inc. acquired 15,000 shares of Safehold stock. The stock was purchased at an average price of $32.15 per share, for a total transaction of $482,250.00.

Shares of Safehold stock opened at $28.77 on Thursday. The stock has a market capitalization of $937.57 million, a P/E ratio of 44.95 and a beta of 0.34. Safehold Inc has a 52-week low of $16.35 and a 52-week high of $34.14. The stock’s 50-day simple moving average is $29.99 and its 200 day simple moving average is $26.88.

Safehold (NYSE:SAFE) last posted its earnings results on Friday, July 26th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.12). The company had revenue of $19.68 million for the quarter, compared to analysts’ expectations of $19.77 million. Safehold had a net margin of 32.29% and a return on equity of 4.57%. Research analysts predict that Safehold Inc will post 1.14 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on SAFE. Zacks Investment Research upgraded Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research note on Saturday, August 10th. ValuEngine cut Safehold from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet upgraded Safehold from a “c” rating to a “b-” rating in a research note on Wednesday, August 7th. Finally, Barclays boosted their price objective on Safehold from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Sunday, August 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.83.

A number of hedge funds have recently bought and sold shares of SAFE. UBS Group AG grew its holdings in Safehold by 4.0% during the 2nd quarter. UBS Group AG now owns 2,023,611 shares of the company’s stock valued at $61,113,000 after buying an additional 77,779 shares in the last quarter. Vanguard Group Inc. grew its holdings in Safehold by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 568,043 shares of the company’s stock valued at $17,154,000 after buying an additional 71,109 shares in the last quarter. BlackRock Inc. grew its holdings in Safehold by 11.2% during the 2nd quarter. BlackRock Inc. now owns 533,274 shares of the company’s stock valued at $16,105,000 after buying an additional 53,799 shares in the last quarter. FMR LLC grew its holdings in Safehold by 7.7% during the 1st quarter. FMR LLC now owns 484,299 shares of the company’s stock valued at $10,563,000 after buying an additional 34,628 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Safehold by 96.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 47,146 shares of the company’s stock valued at $1,370,000 after buying an additional 23,157 shares in the last quarter. 18.51% of the stock is owned by institutional investors and hedge funds.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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