Istar Inc. Purchases 5,490 Shares of Safehold Inc (SAFE) Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 5,490 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $27.23 per share, for a total transaction of $149,492.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Thursday, May 9th, Istar Inc. purchased 8,286 shares of Safehold stock. The shares were acquired at an average cost of $26.52 per share, for a total transaction of $219,744.72.
  • On Monday, May 6th, Istar Inc. purchased 10,845 shares of Safehold stock. The shares were acquired at an average cost of $25.42 per share, for a total transaction of $275,679.90.
  • On Tuesday, April 30th, Istar Inc. purchased 8,289 shares of Safehold stock. The shares were acquired at an average cost of $25.76 per share, for a total transaction of $213,524.64.
  • On Thursday, April 25th, Istar Inc. bought 8,200 shares of Safehold stock. The stock was purchased at an average cost of $24.60 per share, for a total transaction of $201,720.00.
  • On Monday, April 22nd, Istar Inc. bought 5,414 shares of Safehold stock. The stock was purchased at an average cost of $23.18 per share, for a total transaction of $125,496.52.
  • On Wednesday, April 17th, Istar Inc. bought 8,300 shares of Safehold stock. The stock was purchased at an average cost of $22.99 per share, for a total transaction of $190,817.00.
  • On Friday, April 12th, Istar Inc. bought 7,307 shares of Safehold stock. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $166,453.46.
  • On Tuesday, April 9th, Istar Inc. bought 7,299 shares of Safehold stock. The stock was purchased at an average cost of $22.41 per share, for a total transaction of $163,570.59.
  • On Thursday, April 4th, Istar Inc. bought 7,359 shares of Safehold stock. The stock was purchased at an average cost of $22.08 per share, for a total transaction of $162,486.72.
  • On Monday, April 1st, Istar Inc. bought 5,600 shares of Safehold stock. The stock was purchased at an average cost of $21.69 per share, for a total transaction of $121,464.00.

Shares of NYSE:SAFE traded down $0.22 during trading on Tuesday, hitting $27.46. 64,300 shares of the company were exchanged, compared to its average volume of 36,829. The firm has a market capitalization of $507.15 million, a price-to-earnings ratio of 42.91 and a beta of 0.30. Safehold Inc has a fifty-two week low of $16.13 and a fifty-two week high of $27.83.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $21.80 million for the quarter, compared to analyst estimates of $20.81 million. Safehold had a return on equity of 4.50% and a net margin of 31.96%. As a group, equities research analysts forecast that Safehold Inc will post 1.44 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Thursday, March 28th. Safehold’s dividend payout ratio (DPR) is 93.75%.

A number of equities research analysts recently issued reports on SAFE shares. ValuEngine raised Safehold from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Barclays raised Safehold from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $21.00 to $22.00 in a research report on Monday, February 4th. Finally, Zacks Investment Research raised Safehold from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 16th.

Large investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Safehold by 3.0% during the 4th quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock worth $8,789,000 after purchasing an additional 13,408 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Safehold during the 3rd quarter worth approximately $1,026,000. Barclays PLC increased its position in shares of Safehold by 46.3% during the 4th quarter. Barclays PLC now owns 5,193 shares of the company’s stock worth $97,000 after purchasing an additional 1,643 shares during the last quarter. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Safehold during the 4th quarter worth approximately $245,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Safehold by 4.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 418,916 shares of the company’s stock worth $7,880,000 after purchasing an additional 17,500 shares during the last quarter. 34.45% of the stock is currently owned by hedge funds and other institutional investors.

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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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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