Natixis Advisors LLC Acquires 2,011 Shares of Safehold Inc. (NYSE:SAFE)

Natixis Advisors LLC raised its stake in shares of Safehold Inc. (NYSE:SAFE) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 70,503 shares of the company’s stock after acquiring an additional 2,011 shares during the quarter. Natixis Advisors LLC’s holdings in Safehold were worth $1,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAFE. GAMMA Investing LLC increased its holdings in shares of Safehold by 108.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after acquiring an additional 920 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Safehold by 35.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after purchasing an additional 471 shares during the period. KBC Group NV grew its holdings in Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock valued at $76,000 after purchasing an additional 1,275 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of Safehold in the third quarter valued at approximately $234,000. Finally, ProShare Advisors LLC raised its position in shares of Safehold by 7.5% in the first quarter. ProShare Advisors LLC now owns 9,728 shares of the company’s stock valued at $200,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Trading Up 1.8 %

Shares of Safehold stock opened at $21.19 on Tuesday. The firm has a market capitalization of $1.51 billion, a PE ratio of 12.46 and a beta of 1.68. The company’s fifty day moving average price is $23.60 and its two-hundred day moving average price is $22.19. Safehold Inc. has a 52-week low of $17.91 and a 52-week high of $28.80. The company has a debt-to-equity ratio of 1.85, a current ratio of 37.83 and a quick ratio of 37.83.

Safehold (NYSE:SAFE) last posted its earnings results on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $90.70 million for the quarter, compared to analyst estimates of $89.45 million. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, analysts expect that Safehold Inc. will post 1.56 EPS for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.177 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, September 30th. Safehold’s payout ratio is currently 41.76%.

Wall Street Analyst Weigh In

SAFE has been the topic of a number of research analyst reports. Truist Financial raised their target price on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Monday, August 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a research report on Tuesday, October 29th. The Goldman Sachs Group dropped their price objective on Safehold from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Mizuho increased their target price on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada lifted their price target on Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.22.

Safehold 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.