EntryPoint Capital LLC Makes New Investment in Safehold Inc. (NYSE:SAFE)

EntryPoint Capital LLC bought a new stake in shares of Safehold Inc. (NYSE:SAFE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,240 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in Safehold by 2.0% in the third quarter. State Street Corp now owns 2,618,033 shares of the company’s stock valued at $69,131,000 after acquiring an additional 51,035 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Safehold by 11.1% during the fourth quarter. American Century Companies Inc. now owns 1,515,743 shares of the company’s stock worth $28,011,000 after purchasing an additional 150,976 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Safehold by 3.1% during the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock worth $32,734,000 after purchasing an additional 38,074 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Safehold by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 717,066 shares of the company’s stock worth $13,251,000 after purchasing an additional 29,348 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock valued at $17,369,000 after buying an additional 91,965 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Safehold Stock Up 1.1 %

Safehold stock opened at $18.26 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. Safehold Inc. has a one year low of $15.55 and a one year high of $28.80. The company has a 50-day simple moving average of $17.59 and a 200-day simple moving average of $20.42. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.34 and a beta of 1.75.

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

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 3.88%. The ex-dividend date is Monday, March 31st. Safehold’s payout ratio is currently 47.30%.

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.