Safehold Inc. (NYSE:SAFE) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. increased its position in Safehold Inc. (NYSE:SAFE) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,335 shares of the company’s stock after buying an additional 5,133 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Safehold were worth $1,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Safehold by 35.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802 shares of the company’s stock worth $47,000 after acquiring an additional 471 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Safehold by 5.8% during the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after purchasing an additional 823 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Safehold by 108.7% in the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock valued at $46,000 after purchasing an additional 920 shares during the period. FMR LLC increased its stake in Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company’s stock valued at $153,000 after purchasing an additional 1,163 shares during the last quarter. Finally, KBC Group NV lifted its position in Safehold by 79.3% during the third quarter. KBC Group NV now owns 2,883 shares of the company’s stock worth $76,000 after buying an additional 1,275 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Safehold Stock Down 3.2 %

Shares of Safehold stock opened at $17.29 on Friday. Safehold Inc. has a twelve month low of $15.55 and a twelve month high of $28.80. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 11.69 and a beta of 1.66. The company has a current ratio of 37.37, a quick ratio of 37.83 and a debt-to-equity ratio of 1.82. The company has a fifty day moving average price of $18.25 and a 200 day moving average price of $21.75.

Safehold (NYSE:SAFE) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, hitting 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 prior year, the business earned $0.36 earnings per share. Equities research analysts forecast that Safehold Inc. will post 1.59 earnings per share for the current fiscal year.

Safehold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.177 dividend. This represents a $0.71 annualized dividend and a yield of 4.09%. The ex-dividend date was Monday, December 30th. Safehold’s dividend payout ratio (DPR) is 47.97%.

Analyst Ratings Changes

Several analysts have commented on the company. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a report on Thursday. The Goldman Sachs Group lowered their target price 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. Wedbush reaffirmed a “neutral” rating and set a $19.00 price target (down previously from $20.00) on shares of Safehold in a research note on Friday. Mizuho boosted their price objective on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley lowered Safehold from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.