Summit Global Investments Makes New $330,000 Investment in Safehold Inc. $SAFE

Summit Global Investments purchased a new stake in shares of Safehold Inc. (NYSE:SAFE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,228 shares of the company’s stock, valued at approximately $330,000.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its position in Safehold by 928.2% during the second quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the period. US Bancorp DE boosted its stake in shares of Safehold by 136.4% during the 1st quarter. US Bancorp DE now owns 2,215 shares of the company’s stock worth $41,000 after acquiring an additional 1,278 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Safehold by 117.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $61,000 after acquiring an additional 2,117 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Safehold during the 2nd quarter valued at $74,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Safehold by 13.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,735 shares of the company’s stock worth $89,000 after purchasing an additional 695 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

SAFE opened at $14.06 on Thursday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.31 and a beta of 1.87. The company has a fifty day moving average of $14.76 and a 200 day moving average of $15.15. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $21.90.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.30 EPS for the quarter. Safehold had a net margin of 27.45% and a return on equity of 4.70%. The business had revenue of $50.20 million during the quarter. As a group, sell-side analysts forecast that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 5.0%. Safehold’s payout ratio is presently 44.59%.

Analysts Set New Price Targets

SAFE has been the topic of several analyst reports. Cantor Fitzgerald set a $17.00 target price on Safehold and gave the company a “neutral” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group restated a “buy” rating on shares of Safehold in a research note on Saturday, November 22nd. Truist Financial lowered their price target on shares of Safehold from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Wednesday, October 8th. Finally, Mizuho increased their price objective on shares of Safehold from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.56.

Safehold Company Profile

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.