Edgestream Partners L.P. Makes New $2.22 Million Investment in Safehold Inc. (NYSE:SAFE)

Edgestream Partners L.P. purchased a new position in shares of Safehold Inc. (NYSE:SAFE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 119,956 shares of the company’s stock, valued at approximately $2,217,000. Edgestream Partners L.P. owned about 0.17% of Safehold at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SAFE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Safehold by 266.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock worth $9,171,000 after buying an additional 254,227 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Safehold by 1,683.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 227,750 shares of the company’s stock valued at $4,209,000 after purchasing an additional 214,979 shares during the last quarter. B&I Capital AG lifted its holdings in shares of Safehold by 75.3% in the 4th quarter. B&I Capital AG now owns 417,503 shares of the company’s stock valued at $7,715,000 after purchasing an additional 179,376 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of Safehold in the 3rd quarter valued at about $3,683,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Safehold by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after purchasing an additional 91,965 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Stock Performance

Shares of SAFE stock opened at $18.65 on Monday. The stock has a market capitalization of $1.33 billion, a PE ratio of 12.60 and a beta of 1.75. Safehold Inc. has a 52-week low of $15.55 and a 52-week high of $28.80. The stock’s 50-day moving average price is $17.23 and its 200 day moving average price is $20.98. The company has a quick ratio of 36.59, a current ratio of 36.59 and a debt-to-equity ratio of 1.82.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts forecast that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s payout ratio is 47.30%.

Analyst Upgrades and Downgrades

SAFE has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of Safehold in a report on Thursday, February 6th. Morgan Stanley downgraded Safehold from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. The Goldman Sachs Group reduced their target price on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Wedbush reissued a “neutral” rating and issued a $19.00 target price (down from $20.00) on shares of Safehold in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.56.

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. 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.