Istar Inc. Buys 6,953 Shares of Safehold Inc. (NYSE:SAFE) Stock

Safehold Inc. (NYSE:SAFE) major shareholder Istar Inc. purchased 6,953 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The stock was acquired at an average price of $71.90 per share, for a total transaction of $499,920.70. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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, November 24th, Istar Inc. acquired 6,872 shares of Safehold stock. The stock was purchased at an average cost of $72.74 per share, with a total value of $499,869.28.
  • On Friday, November 19th, Istar Inc. acquired 6,999 shares of Safehold stock. The stock was purchased at an average cost of $71.43 per share, with a total value of $499,938.57.
  • On Wednesday, November 17th, Istar Inc. acquired 6,965 shares of Safehold stock. The stock was purchased at an average cost of $71.78 per share, with a total value of $499,947.70.
  • On Wednesday, November 10th, Istar Inc. purchased 6,707 shares of Safehold stock. The shares were bought at an average cost of $74.55 per share, with a total value of $500,006.85.
  • On Monday, November 8th, Istar Inc. purchased 6,610 shares of Safehold stock. The shares were bought at an average cost of $75.63 per share, with a total value of $499,914.30.
  • On Friday, November 5th, Istar Inc. purchased 6,601 shares of Safehold stock. The shares were bought at an average cost of $75.74 per share, with a total value of $499,959.74.
  • On Wednesday, November 3rd, Istar Inc. purchased 2,606 shares of Safehold stock. The shares were bought at an average cost of $76.00 per share, with a total value of $198,056.00.
  • On Monday, November 1st, Istar Inc. acquired 9,861 shares of Safehold stock. The stock was acquired at an average cost of $75.26 per share, with a total value of $742,138.86.
  • On Friday, October 29th, Istar Inc. acquired 13,424 shares of Safehold stock. The stock was acquired at an average cost of $74.49 per share, with a total value of $999,953.76.
  • On Wednesday, October 27th, Istar Inc. acquired 13,486 shares of Safehold stock. The stock was acquired at an average cost of $74.14 per share, with a total value of $999,852.04.

SAFE stock opened at $72.82 on Thursday. Safehold Inc. has a 1 year low of $64.01 and a 1 year high of $95.29. The company has a fifty day moving average of $75.95. The company has a market capitalization of $4.12 billion, a PE ratio of 57.34 and a beta of -0.31.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Thursday, October 21st. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Safehold had a net margin of 38.37% and a return on equity of 4.57%. During the same quarter in the previous year, the company earned $0.28 EPS. Equities analysts forecast that Safehold Inc. will post 1.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Investors of record on Thursday, September 30th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, September 29th. Safehold’s dividend payout ratio is currently 53.54%.

A number of equities research analysts have issued reports on the company. Truist raised their target price on Safehold from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, July 30th. Truist Securities raised their target price on Safehold from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Saturday, July 31st. Finally, Zacks Investment Research upgraded Safehold from a “sell” rating to a “hold” rating in a research note on Wednesday, October 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $84.01.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Safehold by 3.3% during the first quarter. Ameriprise Financial Inc. now owns 66,427 shares of the company’s stock valued at $4,657,000 after purchasing an additional 2,100 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Safehold by 3.6% during the second quarter. Geode Capital Management LLC now owns 327,864 shares of the company’s stock valued at $25,737,000 after purchasing an additional 11,418 shares in the last quarter. Citigroup Inc. raised its stake in shares of Safehold by 59.4% during the second quarter. Citigroup Inc. now owns 19,578 shares of the company’s stock valued at $1,537,000 after purchasing an additional 7,293 shares in the last quarter. Stifel Financial Corp grew its holdings in Safehold by 1.2% during the second quarter. Stifel Financial Corp now owns 18,021 shares of the company’s stock worth $1,415,000 after acquiring an additional 220 shares during the period. Finally, State Street Corp grew its holdings in Safehold by 1.9% during the second quarter. State Street Corp now owns 696,516 shares of the company’s stock worth $54,794,000 after acquiring an additional 13,277 shares during the period. Institutional investors and hedge funds own 25.61% of the company’s stock.

About Safehold

Safehold Inc operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The firm’s property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures.

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

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