Somewhat Positive Media Coverage Somewhat Unlikely to Impact Safetyome & Growth (SAFE) Stock Price
Media headlines about Safetyome & Growth (NASDAQ:SAFE) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safetyome & Growth earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3653610156081 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have weighed in on SAFE. Barclays PLC began coverage on Safetyome & Growth in a research note on Monday, July 17th. They set an “equal weight” rating and a $21.00 price objective for the company. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 target price on shares of Safetyome & Growth in a research report on Monday, July 17th. Ladenburg Thalmann Financial Services began coverage on Safetyome & Growth in a research report on Friday, July 14th. They issued a “buy” rating and a $22.00 target price for the company. Mizuho began coverage on Safetyome & Growth in a research report on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, J P Morgan Chase & Co began coverage on Safetyome & Growth in a research report on Monday, July 17th. They issued a “neutral” rating and a $21.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.80.
Shares of Safetyome & Growth (NASDAQ:SAFE) traded up 2.13% during mid-day trading on Tuesday, reaching $18.70. The company’s stock had a trading volume of 79,335 shares. The company has a 50 day moving average of $19.10 and a 200-day moving average of $19.14. Safetyome & Growth has a 12 month low of $18.02 and a 12 month high of $20.00. The firm has a market capitalization of $340.15 million and a P/E ratio of 111.98.
The business also recently declared a special dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a $0.15 dividend. The ex-dividend date was Friday, September 29th.
In related news, major shareholder Istar Inc. acquired 19,600 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of $19.25 per share, for a total transaction of $377,300.00. Following the acquisition, the insider now directly owns 5,044,600 shares of the company’s stock, valued at $97,108,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 1,299,958 shares of company stock worth $24,938,767 in the last ninety days.
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