Shares of Safety Income & Growth Inc (NASDAQ:SAFE) have been given a consensus rating of “Hold” by the six research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $20.67.

SAFE has been the topic of several recent research reports. Barclays PLC initiated coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They set an “equal weight” rating and a $21.00 target price on the stock. Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 target price on shares of Safetyome & Growth in a report on Monday, July 17th. Ladenburg Thalmann Financial Services initiated coverage on shares of Safetyome & Growth in a report on Friday, July 14th. They set a “buy” rating and a $22.00 target price on the stock. J P Morgan Chase & Co initiated coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, UBS AG initiated coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They set a “market perform” rating on the stock.

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In other news, Chairman Jay Sugarman acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average cost of $20.00 per share, with a total value of $1,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Istar Inc. acquired 114,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $18.49 per share, for a total transaction of $2,113,259.08. Following the completion of the purchase, the insider now directly owns 5,256,391 shares of the company’s stock, valued at $97,190,669.59. The disclosure for this purchase can be found here. Insiders have bought 2,875,804 shares of company stock worth $56,883,930 over the last ninety days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. purchased a new position in shares of Safetyome & Growth during the second quarter worth about $196,000. Forward Management LLC purchased a new position in shares of Safetyome & Growth during the second quarter worth about $4,213,000. Vanguard Group Inc. purchased a new position in shares of Safetyome & Growth during the second quarter worth about $4,787,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Safetyome & Growth during the second quarter worth about $6,703,000. Finally, V3 Capital Management L.P. purchased a new position in shares of Safetyome & Growth during the second quarter worth about $8,139,000.

Safetyome & Growth (NASDAQ:SAFE) traded down 0.37% during midday trading on Friday, hitting $18.83. The stock had a trading volume of 126,111 shares. The company’s 50 day moving average is $19.13 and its 200 day moving average is $19.13. Safetyome & Growth has a 1-year low of $18.02 and a 1-year high of $20.00. The company has a market cap of $342.52 million and a price-to-earnings ratio of 112.75.

Safetyome & Growth Company Profile

Analyst Recommendations for Safetyome & Growth (NASDAQ:SAFE)

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