Insider Buying: Safehold Inc (NYSE:SAFE) Major Shareholder Buys 22,361 Shares of Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 22,361 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $764,746.20. Large 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 Tuesday, October 8th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $34.29 per share, for a total transaction of $514,350.00.
  • On Friday, October 4th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $31.81 per share, for a total transaction of $477,150.00.
  • On Wednesday, October 2nd, Istar Inc. acquired 22,500 shares of Safehold stock. The shares were purchased at an average cost of $31.04 per share, for a total transaction of $698,400.00.
  • On Friday, September 27th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $29.95 per share, for a total transaction of $449,250.00.
  • On Wednesday, September 25th, Istar Inc. acquired 22,500 shares of Safehold stock. The shares were purchased at an average cost of $29.96 per share, for a total transaction of $674,100.00.
  • On Friday, September 20th, Istar Inc. acquired 43,319 shares of Safehold stock. The shares were purchased at an average cost of $29.88 per share, for a total transaction of $1,294,371.72.
  • On Thursday, September 12th, Istar Inc. acquired 87,450 shares of Safehold stock. The shares were purchased at an average cost of $28.51 per share, for a total transaction of $2,493,199.50.
  • On Friday, September 6th, Istar Inc. acquired 22,500 shares of Safehold stock. The shares were purchased at an average cost of $28.59 per share, for a total transaction of $643,275.00.
  • On Tuesday, September 3rd, Istar Inc. acquired 22,500 shares of Safehold stock. The shares were purchased at an average cost of $29.03 per share, for a total transaction of $653,175.00.
  • On Wednesday, August 28th, Istar Inc. acquired 34,500 shares of Safehold stock. The shares were purchased at an average cost of $28.76 per share, for a total transaction of $992,220.00.

Shares of NYSE SAFE traded down $0.18 during trading hours on Monday, hitting $34.09. 3,238 shares of the company traded hands, compared to its average volume of 159,462. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 53.34 and a beta of 0.35. The company’s 50 day moving average price is $30.13 and its 200 day moving average price is $28.57. Safehold Inc has a 12 month low of $16.35 and a 12 month high of $35.11.

Safehold (NYSE:SAFE) last released its earnings results on Friday, July 26th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.12). The company had revenue of $19.68 million for the quarter, compared to the consensus estimate of $19.77 million. Safehold had a net margin of 32.29% and a return on equity of 4.57%. Sell-side analysts forecast that Safehold Inc will post 1.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, October 2nd. Safehold’s dividend payout ratio is currently 96.88%.

Several equities analysts have recently weighed in on SAFE shares. Barclays reissued a “sell” rating and set a $29.00 target price on shares of Safehold in a research report on Sunday. ValuEngine downgraded Safehold from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. TheStreet raised Safehold from a “c” rating to a “b-” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded Safehold from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock has a consensus rating of “Sell” and an average price target of $26.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAFE. BNP Paribas Arbitrage SA bought a new position in shares of Safehold during the 2nd quarter valued at approximately $36,000. Nisa Investment Advisors LLC increased its position in shares of Safehold by 83.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock valued at $47,000 after purchasing an additional 711 shares during the last quarter. Optimum Investment Advisors bought a new position in shares of Safehold during the 2nd quarter valued at approximately $103,000. Bessemer Group Inc. bought a new position in shares of Safehold during the 2nd quarter valued at approximately $184,000. Finally, Acadian Asset Management LLC grew its position in Safehold by 49.4% in the 2nd quarter. Acadian Asset Management LLC now owns 7,446 shares of the company’s stock valued at $225,000 after acquiring an additional 2,462 shares during the last quarter. 18.51% of the stock is currently owned by hedge funds and other institutional investors.

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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