State of New Jersey Common Pension Fund D purchased a new position in Safety Income & Growth Inc (NASDAQ:SAFE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 350,000 shares of the company’s stock, valued at approximately $6,703,000.

Safety Income & Growth Inc (NASDAQ SAFE) opened at 18.83 on Friday. The firm’s 50-day moving average price is $19.13 and its 200 day moving average price is $19.13. Safety Income & Growth Inc has a 12 month low of $18.02 and a 12 month high of $20.00. The stock has a market cap of $342.52 million and a price-to-earnings ratio of 112.75.

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A number of analysts recently commented on the company. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safetyome & Growth in a research note on Monday, July 31st. UBS AG assumed coverage on Safetyome & Growth in a research note on Monday, July 17th. They issued a “market perform” rating for the company. Raymond James Financial, Inc. assumed coverage on Safetyome & Growth in a research note on Tuesday, July 18th. They issued a “market perform” rating for the company. Barclays PLC assumed coverage on Safetyome & Growth in a research note on Monday, July 17th. They issued an “equal weight” rating and a $21.00 price target for the company. Finally, Bank of America Corporation reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Safetyome & Growth in a research note on Monday, July 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

In other news, CFO Geoffrey G. Jervis purchased 28,420 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of $20.00 per share, with a total value of $568,400.00. Following the transaction, the chief financial officer now owns 28,420 shares of the company’s stock, valued at $568,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Istar Inc. purchased 114,292 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $18.49 per share, for a total transaction of $2,113,259.08. Following the transaction, the insider now directly owns 5,256,391 shares in the company, valued at approximately $97,190,669.59. The disclosure for this purchase can be found here. Insiders acquired a total of 2,875,804 shares of company stock worth $56,883,930 in the last ninety days.

About Safetyome & Growth

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Institutional Ownership by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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