Tilson Financial Group Inc. Acquires Shares of 34,478 Safehold Inc. (NYSE:SAFE)

Tilson Financial Group Inc. acquired a new stake in Safehold Inc. (NYSE:SAFE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,478 shares of the company’s stock, valued at approximately $640,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Safehold by 0.4% during the fourth quarter. Rhumbline Advisers now owns 163,179 shares of the company’s stock worth $3,016,000 after purchasing an additional 663 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Safehold by 5.8% during the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after purchasing an additional 823 shares in the last quarter. M&T Bank Corp boosted its position in shares of Safehold by 3.4% during the fourth quarter. M&T Bank Corp now owns 27,520 shares of the company’s stock worth $509,000 after purchasing an additional 899 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Safehold by 268.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,400 shares of the company’s stock worth $26,000 after purchasing an additional 1,020 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Safehold by 24.9% during the third quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after purchasing an additional 1,163 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Safehold Price Performance

Shares of Safehold stock opened at $18.65 on Friday. The company has a fifty day moving average of $17.23 and a 200-day moving average of $21.00. 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 stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.60 and a beta of 1.75.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Safehold had a net margin of 28.92% and a return on equity of 4.76%. During the same period last year, the business posted $0.36 earnings per share. Equities research analysts expect that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

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

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.