Public Employees Retirement System of Ohio Grows Stock Holdings in Safehold Inc. $SAFE

Public Employees Retirement System of Ohio raised its holdings in Safehold Inc. (NYSE:SAFE) by 227.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 64,075 shares of the company’s stock after acquiring an additional 44,530 shares during the period. Public Employees Retirement System of Ohio’s holdings in Safehold were worth $867,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Safehold by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after purchasing an additional 6,255 shares during the period. Long Pond Capital LP purchased a new position in Safehold during the fourth quarter worth about $12,936,000. Invesco Ltd. boosted its stake in Safehold by 4.6% in the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock worth $9,646,000 after buying an additional 27,395 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in 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 buying an additional 15,280 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Safehold by 339.9% during the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock valued at $5,066,000 after acquiring an additional 285,920 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Wall Street Analyst Weigh In

SAFE has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada lowered shares of Safehold from a “market outperform” rating to a “sector perform” rating and dropped their price target for the stock from $18.00 to $16.00 in a research report on Friday, May 1st. Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.71.

Safehold Stock Performance

NYSE SAFE opened at $16.42 on Tuesday. The company has a debt-to-equity ratio of 1.77, a current ratio of 35.02 and a quick ratio of 35.59. Safehold Inc. has a 1-year low of $12.76 and a 1-year high of $17.45. The firm has a market capitalization of $1.18 billion, a P/E ratio of 10.14, a P/E/G ratio of 2.07 and a beta of 1.75. The business’s 50-day simple moving average is $15.90 and its 200-day simple moving average is $15.26.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $114.65 million during the quarter, compared to the consensus estimate of $110.78 million. Safehold had a net margin of 27.70% and a return on equity of 4.76%. Equities analysts predict that Safehold Inc. will post 1.64 EPS for the current year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, June 30th. Safehold’s payout ratio is currently 43.83%.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.