Safety Income & Growth’s (NYSE:SAFE) lock-up period is set to expire on Tuesday, December 19th. Safety Income & Growth had issued 10,250,000 shares in its IPO on June 22nd. The total size of the offering was $205,000,000 based on an initial share price of $20.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Several brokerages recently commented on SAFE. Zacks Investment Research raised shares of Safety Income & Growth from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Bank of America decreased their price objective on shares of Safety Income & Growth from $20.00 to $18.90 and set a “neutral” rating for the company in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safety Income & Growth in a research report on Tuesday, October 31st. Finally, Mizuho began coverage on shares of Safety Income & Growth in a research report on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 price objective for the company. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $20.58.

Safety Income & Growth (SAFE) opened at $17.75 on Tuesday. Safety Income & Growth has a 1 year low of $17.27 and a 1 year high of $20.00.

Safety Income & Growth (NYSE:SAFE) last posted its quarterly earnings results on Thursday, October 26th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.86 million. research analysts predict that Safety Income & Growth will post 0.44 earnings per share for the current year.

In other Safety Income & Growth news, major shareholder Istar Inc. purchased 60,752 shares of Safety Income & Growth stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $17.89 per share, with a total value of $1,086,853.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 586,288 shares of company stock valued at $11,027,454 over the last three months.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Safety Income & Growth during the 3rd quarter worth approximately $170,000. Pinnacle Associates Ltd. acquired a new stake in shares of Safety Income & Growth during the 2nd quarter worth approximately $196,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Safety Income & Growth during the 3rd quarter worth approximately $215,000. Strs Ohio acquired a new stake in shares of Safety Income & Growth during the 3rd quarter worth approximately $299,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Safety Income & Growth during the 3rd quarter worth approximately $313,000. 40.34% of the stock is owned by institutional investors.

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Safety Income & Growth Company Profile

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