Safety Income & Growth Inc (SAFE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Safety Income & Growth Inc (NASDAQ:SAFE) have received a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.50.

A number of analysts have recently issued reports on SAFE shares. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Barclays PLC started coverage on Safetyome & Growth in a report on Monday, July 17th. They issued an “equal weight” rating and a $21.00 target price for the company. Bank of America Corporation restated a “neutral” rating and issued a $20.00 target price on shares of Safetyome & Growth in a report on Monday, July 17th. UBS AG started coverage on Safetyome & Growth in a report on Monday, July 17th. They issued a “market perform” rating for the company. Finally, Mizuho started coverage on Safetyome & Growth in a report on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 target price for the company.

In other news, CFO Geoffrey G. Jervis acquired 28,420 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $568,400.00. Following the completion of the acquisition, the chief financial officer now owns 28,420 shares in the company, valued at $568,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Josephs acquired 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of $20.00 per share, with a total value of $225,000.00. Following the completion of the acquisition, the director now owns 21,250 shares of the company’s stock, valued at approximately $425,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 3,333,808 shares of company stock valued at $65,813,930.

Large investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. purchased a new stake in shares of Safetyome & Growth during the second quarter worth $196,000. Salem Investment Counselors Inc. acquired a new position in Safetyome & Growth during the second quarter worth $479,000. Goldman Sachs Group Inc. acquired a new position in Safetyome & Growth during the second quarter worth $1,420,000. Macquarie Group Ltd. acquired a new position in Safetyome & Growth during the second quarter worth $2,873,000. Finally, Forward Management LLC acquired a new position in Safetyome & Growth during the second quarter worth $4,213,000.

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Shares of Safetyome & Growth (NASDAQ SAFE) traded up 0.67% during midday trading on Wednesday, hitting $19.58. The stock had a trading volume of 88,659 shares. Safetyome & Growth has a 12-month low of $18.02 and a 12-month high of $20.00. The company’s 50-day moving average price is $19.16 and its 200-day moving average price is $19.25. The firm has a market cap of $356.16 million and a price-to-earnings ratio of 117.25.

Safetyome & Growth Company Profile

Analyst Recommendations for Safetyome & Growth (NASDAQ:SAFE)

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