Berkeley Capital Partners LLC Acquires 10,789 Shares of Safehold Inc. (NYSE:SAFE)

Berkeley Capital Partners LLC increased its holdings in Safehold Inc. (NYSE:SAFE) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,297 shares of the company’s stock after purchasing an additional 10,789 shares during the period. Berkeley Capital Partners LLC owned approximately 0.09% of Safehold worth $1,207,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock worth $17,369,000 after purchasing an additional 91,965 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Safehold in the third quarter worth $639,000. Charles Schwab Investment Management Inc. increased its position in Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock worth $18,039,000 after purchasing an additional 39,320 shares during the last quarter. Barclays PLC increased its position in Safehold by 317.9% in the third quarter. Barclays PLC now owns 85,932 shares of the company’s stock worth $2,254,000 after purchasing an additional 65,370 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Safehold by 3.1% in 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. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Down 1.0 %

Shares of SAFE opened at $18.79 on Thursday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 12.70 and a beta of 1.75. Safehold Inc. has a 12-month low of $15.55 and a 12-month high of $28.80. The company has a current ratio of 36.59, a quick ratio of 36.59 and a debt-to-equity ratio of 1.82. The firm has a fifty day moving average price of $17.39 and a 200-day moving average price of $20.67.

Safehold (NYSE:SAFE) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) 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 quarter last year, the company earned $0.36 earnings per share. Equities research analysts expect that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, March 31st. Safehold’s dividend payout ratio is currently 47.30%.

Analyst Ratings Changes

Several brokerages recently weighed in on SAFE. The Goldman Sachs Group reduced their price target on shares of Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research note on Thursday, February 6th. Morgan Stanley lowered shares of Safehold from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $30.00 to $19.00 in a research note on Wednesday, January 15th. Finally, Wedbush reaffirmed a “neutral” rating and set a $19.00 price objective (down from $20.00) on shares of Safehold in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Safehold presently has an average 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.