BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 4,742 Safehold Inc. $SAFE

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Safehold Inc. (NYSE:SAFE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,742 shares of the company’s stock, valued at approximately $74,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Safehold by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 7,817,950 shares of the company’s stock valued at $146,352,000 after purchasing an additional 93,236 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Safehold by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,305,041 shares of the company’s stock valued at $80,591,000 after purchasing an additional 38,272 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Safehold by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 434,234 shares of the company’s stock valued at $6,757,000 after purchasing an additional 2,470 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Safehold by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock valued at $8,120,000 after purchasing an additional 15,280 shares during the period. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Safehold in the 1st quarter valued at about $6,552,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Trading Down 0.9%

Safehold stock opened at $14.34 on Thursday. Safehold Inc. has a 52 week low of $13.43 and a 52 week high of $21.90. The company has a debt-to-equity ratio of 1.85, a quick ratio of 36.02 and a current ratio of 36.02. The stock has a market capitalization of $1.03 billion, a P/E ratio of 10.03, a PEG ratio of 1.31 and a beta of 1.87. The stock has a 50-day simple moving average of $15.64 and a 200 day simple moving average of $15.37.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 EPS for the quarter. Safehold had a return on equity of 4.70% and a net margin of 27.45%.The business had revenue of $50.20 million during the quarter. Analysts expect that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.177 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.9%. Safehold’s dividend payout ratio (DPR) is presently 48.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JMP Securities dropped their price target on Safehold from $32.00 to $28.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. Truist Financial decreased their price objective on Safehold from $18.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Safehold in a report on Wednesday, October 8th. Mizuho raised their price objective on Safehold from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald set a $17.00 price objective on Safehold and gave the company a “neutral” rating in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Safehold presently has a consensus rating of “Hold” and a consensus target price of $19.89.

Safehold Company 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.