Inceptionr LLC Raises Position in Safehold Inc. (NYSE:SAFE)

Inceptionr LLC grew its holdings in shares of Safehold Inc. (NYSE:SAFE) by 50.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,173 shares of the company’s stock after acquiring an additional 5,116 shares during the period. Inceptionr LLC’s holdings in Safehold were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SAFE. Smartleaf Asset Management LLC lifted its position in Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock valued at $26,000 after purchasing an additional 1,020 shares in the last quarter. KBC Group NV raised its stake in shares of Safehold by 79.3% in the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after buying an additional 1,275 shares during the period. Vestcor Inc bought a new position in shares of Safehold in the third quarter worth about $110,000. FMR LLC lifted its position in shares of Safehold by 24.9% during the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after buying an additional 1,163 shares in the last quarter. Finally, Sage Investment Counsel LLC bought a new position in shares of Safehold during the 4th quarter valued at approximately $186,000. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Safehold Stock Performance

Shares of NYSE SAFE opened at $18.65 on Monday. The company has a market cap of $1.33 billion, a P/E ratio of 12.60 and a beta of 1.75. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The firm’s fifty day moving average is $17.23 and its two-hundred day moving average is $20.98.

Safehold (NYSE:SAFE) last posted its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the prior year, the company earned $0.36 EPS. As a group, analysts anticipate that Safehold Inc. will post 1.58 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a dividend of $0.177 per share. The ex-dividend date was Monday, December 30th. This represents a $0.71 annualized dividend and a dividend yield of 3.80%. Safehold’s dividend payout ratio (DPR) is 47.30%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley cut shares of Safehold from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.56.

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.