Safehold Inc (NYSE:SAFE) CEO Jay Sugarman Purchases 250 Shares

Safehold Inc (NYSE:SAFE) CEO Jay Sugarman purchased 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average cost of $42.40 per share, for a total transaction of $10,600.00. Following the transaction, the chief executive officer now owns 37,214 shares of the company’s stock, valued at $1,577,873.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jay Sugarman also recently made the following trade(s):

  • On Monday, December 2nd, Jay Sugarman purchased 500 shares of Safehold stock. The shares were acquired at an average cost of $40.13 per share, for a total transaction of $20,065.00.
  • On Friday, November 29th, Jay Sugarman purchased 600 shares of Safehold stock. The shares were acquired at an average cost of $41.17 per share, for a total transaction of $24,702.00.
  • On Wednesday, November 27th, Jay Sugarman bought 400 shares of Safehold stock. The stock was purchased at an average cost of $41.20 per share, for a total transaction of $16,480.00.
  • On Monday, November 25th, Jay Sugarman bought 2,700 shares of Safehold stock. The stock was purchased at an average cost of $39.00 per share, for a total transaction of $105,300.00.
  • On Monday, November 18th, Jay Sugarman bought 600 shares of Safehold stock. The stock was purchased at an average cost of $35.71 per share, for a total transaction of $21,426.00.
  • On Friday, November 15th, Jay Sugarman bought 400 shares of Safehold stock. The stock was purchased at an average cost of $36.46 per share, for a total transaction of $14,584.00.
  • On Wednesday, November 13th, Jay Sugarman bought 300 shares of Safehold stock. The stock was purchased at an average cost of $35.10 per share, for a total transaction of $10,530.00.
  • On Monday, November 11th, Jay Sugarman bought 200 shares of Safehold stock. The stock was purchased at an average cost of $34.08 per share, for a total transaction of $6,816.00.

Safehold stock traded up $0.34 during midday trading on Wednesday, reaching $42.47. The stock had a trading volume of 476,494 shares, compared to its average volume of 135,317. The firm’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $31.63. Safehold Inc has a 1-year low of $16.53 and a 1-year high of $42.80. The stock has a market capitalization of $1.65 billion, a P/E ratio of 66.36 and a beta of 0.46.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $22.31 million during the quarter, compared to the consensus estimate of $21.74 million. Safehold had a return on equity of 4.70% and a net margin of 32.27%. As a group, equities analysts anticipate that Safehold Inc will post 1.03 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Safehold from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday. ValuEngine lowered 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, Barclays reissued a “sell” rating and issued a $29.00 target price on shares of Safehold in a research report on Sunday, October 13th.

A number of hedge funds have recently bought and sold shares of SAFE. V3 Capital Management L.P. bought a new position in Safehold in the third quarter valued at approximately $3,830,000. UBS Group AG grew its stake in Safehold by 4.0% in the second quarter. UBS Group AG now owns 2,023,611 shares of the company’s stock valued at $61,113,000 after purchasing an additional 77,779 shares in the last quarter. Vanguard Group Inc. grew its stake in Safehold by 14.3% in the second quarter. Vanguard Group Inc. now owns 568,043 shares of the company’s stock valued at $17,154,000 after purchasing an additional 71,109 shares in the last quarter. State Street Corp grew its stake in Safehold by 35.6% in the third quarter. State Street Corp now owns 206,787 shares of the company’s stock valued at $6,307,000 after purchasing an additional 54,320 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Safehold by 11.2% in the second quarter. BlackRock Inc. now owns 533,274 shares of the company’s stock valued at $16,105,000 after purchasing an additional 53,799 shares in the last quarter. Hedge funds and other institutional investors own 20.97% of the company’s stock.

About Safehold

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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