Tilson Financial Group Inc. Purchases Shares of 34,478 Safehold Inc. (NYSE:SAFE)

Tilson Financial Group Inc. bought a new stake in Safehold Inc. (NYSE:SAFE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,478 shares of the company’s stock, valued at approximately $640,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of 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 period. Victory Capital Management Inc. bought a new stake in shares of Safehold in the third quarter valued at about $639,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock valued at $18,039,000 after buying an additional 39,320 shares during the period. Barclays PLC lifted its stake in shares of Safehold by 317.9% in the third quarter. Barclays PLC now owns 85,932 shares of the company’s stock valued at $2,254,000 after buying an additional 65,370 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Safehold by 3.1% in the third quarter. Geode Capital Management LLC now owns 1,247,740 shares of the company’s stock valued at $32,734,000 after buying an additional 38,074 shares during the period. Institutional investors own 70.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $19.00 price target (down previously from $20.00) on shares of Safehold in a research report on Friday, February 7th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a research report on Thursday, February 6th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $30.00 to $19.00 in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group dropped their price objective 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.56.

Safehold Stock Performance

Shares of Safehold stock opened at $18.65 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 36.59 and a quick ratio of 36.59. The firm has a market cap of $1.33 billion, a P/E ratio of 12.60 and a beta of 1.75. The firm has a 50 day simple moving average of $17.23 and a 200 day simple moving average of $21.00. Safehold Inc. has a fifty-two week low of $15.55 and a fifty-two week high of $28.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates 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 earnings per share. Sell-side analysts predict that Safehold Inc. will post 1.58 earnings per share for the current fiscal year.

Safehold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s dividend payout ratio is currently 47.30%.

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.