Insider Buying: Safehold Inc (NYSE:SAFE) Major Shareholder Purchases 11,185 Shares of Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 11,185 shares of Safehold stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $29.50 per share, for a total transaction of $329,957.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, June 5th, Istar Inc. bought 36,000 shares of Safehold stock. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average cost of $27.95 per share, for a total transaction of $419,250.00.
  • On Tuesday, May 28th, Istar Inc. bought 9,205 shares of Safehold stock. The shares were acquired at an average cost of $29.22 per share, for a total transaction of $268,970.10.
  • On Tuesday, May 21st, Istar Inc. bought 10,000 shares of Safehold stock. The shares were acquired at an average cost of $28.30 per share, for a total transaction of $283,000.00.
  • On Friday, May 17th, Istar Inc. acquired 9,525 shares of Safehold stock. The stock was purchased at an average cost of $28.08 per share, for a total transaction of $267,462.00.
  • On Monday, May 13th, Istar Inc. acquired 5,490 shares of Safehold stock. The stock was purchased at an average cost of $27.23 per share, for a total transaction of $149,492.70.
  • On Thursday, May 9th, Istar Inc. acquired 8,286 shares of Safehold stock. The stock was purchased at an average cost of $26.52 per share, for a total transaction of $219,744.72.
  • On Monday, May 6th, Istar Inc. acquired 10,845 shares of Safehold stock. The stock was purchased at an average cost of $25.42 per share, for a total transaction of $275,679.90.
  • On Tuesday, April 30th, Istar Inc. acquired 8,289 shares of Safehold stock. The stock was purchased at an average cost of $25.76 per share, for a total transaction of $213,524.64.
  • On Thursday, April 25th, Istar Inc. acquired 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.

Shares of SAFE stock traded down $1.36 during mid-day trading on Monday, reaching $28.48. The stock had a trading volume of 72,180 shares, compared to its average volume of 41,921. The firm has a market capitalization of $544.47 million, a PE ratio of 44.50 and a beta of 0.13. Safehold Inc has a 1-year low of $16.13 and a 1-year high of $31.08.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $21.80 million during the quarter, compared to analyst estimates of $20.81 million. Safehold had a net margin of 31.96% and a return on equity of 4.50%. On average, equities analysts expect that Safehold Inc will post 1.44 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Safehold by 7.7% in the first quarter. FMR LLC now owns 484,299 shares of the company’s stock worth $10,563,000 after buying an additional 34,628 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Safehold by 12.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,366 shares of the company’s stock worth $423,000 after buying an additional 2,118 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Safehold by 55.8% in the first quarter. Renaissance Technologies LLC now owns 81,805 shares of the company’s stock worth $1,784,000 after buying an additional 29,300 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Safehold by 2.7% in the first quarter. Northern Trust Corp now owns 88,860 shares of the company’s stock worth $1,938,000 after buying an additional 2,358 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Safehold by 41.6% in the first quarter. Citigroup Inc. now owns 2,456 shares of the company’s stock worth $54,000 after buying an additional 722 shares during the last quarter. Hedge funds and other institutional investors own 34.19% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Safehold from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. ValuEngine raised Safehold from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

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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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Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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