Centiva Capital LP Purchases 3,930 Shares of Safehold Inc. (NYSE:SAFE)

Centiva Capital LP boosted its stake in shares of Safehold Inc. (NYSE:SAFE) by 17.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,814 shares of the company’s stock after acquiring an additional 3,930 shares during the period. Centiva Capital LP’s holdings in Safehold were worth $703,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Safehold by 108.7% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after acquiring an additional 920 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after buying an additional 471 shares in the last quarter. KBC Group NV grew its stake in shares of Safehold by 79.3% in the 3rd quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after buying an additional 1,275 shares in the last quarter. FMR LLC grew its stake in shares of Safehold by 24.9% in the 3rd quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after buying an additional 1,163 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Safehold in the 2nd quarter worth $204,000. 70.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on SAFE. Wedbush reissued a “neutral” rating and issued a $23.00 price objective (down from $25.00) on shares of Safehold in a research note on Monday, November 4th. Mizuho lifted their price objective on shares of Safehold from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Safehold from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Raymond James raised shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lifted their price target on shares of Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.22.

Safehold Price Performance

SAFE stock opened at $21.35 on Friday. Safehold Inc. has a 12 month low of $17.91 and a 12 month high of $28.80. The company has a 50-day moving average price of $22.45 and a 200 day moving average price of $22.23. The stock has a market cap of $1.53 billion, a PE ratio of 12.56 and a beta of 1.66. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85.

Safehold (NYSE:SAFE) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The company had revenue of $90.70 million during the quarter, compared to analyst estimates of $89.45 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that Safehold Inc. will post 1.56 earnings per share for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 3.32%. Safehold’s payout ratio is 41.76%.

Safehold 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.