Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 71,993 shares of the stock in a transaction on Thursday, January 11th. The shares were purchased at an average price of $17.95 per share, for a total transaction of $1,292,274.35. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, January 8th, Istar Inc. purchased 59,420 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.95 per share, for a total transaction of $1,066,589.00.
  • On Wednesday, January 3rd, Istar Inc. purchased 71,434 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.88 per share, for a total transaction of $1,277,239.92.
  • On Thursday, December 28th, Istar Inc. purchased 49,646 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.81 per share, for a total transaction of $884,195.26.
  • On Tuesday, December 26th, Istar Inc. purchased 63,545 shares of Safety Income & Growth stock. The shares were purchased at an average price of $17.81 per share, for a total transaction of $1,131,736.45.
  • On Wednesday, December 20th, Istar Inc. purchased 45,859 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.05 per share, for a total transaction of $827,754.95.
  • On Friday, December 15th, Istar Inc. purchased 51,816 shares of Safety Income & Growth stock. The shares were purchased at an average price of $18.04 per share, for a total transaction of $934,760.64.
  • On Tuesday, December 12th, Istar Inc. acquired 34,790 shares of Safety Income & Growth stock. The stock was bought at an average price of $17.90 per share, for a total transaction of $622,741.00.
  • On Friday, December 8th, Istar Inc. acquired 60,752 shares of Safety Income & Growth stock. The stock was bought at an average price of $17.89 per share, for a total transaction of $1,086,853.28.
  • On Tuesday, December 5th, Istar Inc. acquired 51,485 shares of Safety Income & Growth stock. The stock was bought at an average price of $17.98 per share, for a total transaction of $925,700.30.
  • On Thursday, November 30th, Istar Inc. acquired 22,838 shares of Safety Income & Growth stock. The stock was bought at an average price of $18.50 per share, for a total transaction of $422,503.00.

Safety Income & Growth Inc (NYSE:SAFE) opened at $17.93 on Friday. Safety Income & Growth Inc has a twelve month low of $17.27 and a twelve month high of $20.00.

Safety Income & Growth (NYSE:SAFE) last released its quarterly earnings data on Thursday, October 26th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.16). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.86 million. Safety Income & Growth had a negative return on equity of 0.81% and a negative net margin of 11.52%. equities research analysts anticipate that Safety Income & Growth Inc will post 0.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 3.35%.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Safety Income & Growth from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America decreased their price objective on Safety Income & Growth from $20.00 to $18.90 and set a “neutral” rating on the stock in a report on Monday, November 6th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Safety Income & Growth in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.58.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TCW Group Inc. grew its stake in shares of Safety Income & Growth by 37.7% in the third quarter. TCW Group Inc. now owns 32,518 shares of the company’s stock worth $606,000 after purchasing an additional 8,909 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Safety Income & Growth in the third quarter worth about $170,000. Pinnacle Associates Ltd. grew its stake in shares of Safety Income & Growth by 90.7% in the third quarter. Pinnacle Associates Ltd. now owns 19,500 shares of the company’s stock worth $363,000 after purchasing an additional 9,275 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Safety Income & Growth by 2.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 360,000 shares of the company’s stock worth $6,710,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Safety Income & Growth in the third quarter worth about $215,000. 40.34% of the stock is currently owned by institutional investors.

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Safety Income & Growth Company Profile

Insider Buying and Selling by Quarter for Safety Income & Growth (NYSE:SAFE)

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