Safehold Inc (NYSE:SAFE) Major Shareholder Acquires $484,650.00 in Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 15,000 shares of Safehold stock in a transaction that occurred on Thursday, July 11th. The shares were bought at an average price of $32.31 per share, for a total transaction of $484,650.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Monday, July 8th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $31.19 per share, for a total transaction of $467,850.00.
  • On Tuesday, July 2nd, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $30.14 per share, for a total transaction of $452,100.00.
  • On Thursday, June 27th, Istar Inc. acquired 10,000 shares of Safehold stock. The shares were bought at an average price of $28.64 per share, for a total transaction of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. acquired 9,186 shares of Safehold stock. The shares were bought at an average price of $28.75 per share, for a total transaction of $264,097.50.
  • On Friday, June 21st, Istar Inc. acquired 14,826 shares of Safehold stock. The shares were bought at an average price of $28.70 per share, for a total transaction of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $29.11 per share, for a total transaction of $436,650.00.
  • On Thursday, June 13th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $28.51 per share, for a total transaction of $427,650.00.
  • On Monday, June 10th, Istar Inc. bought 11,185 shares of Safehold stock. The stock was acquired at an average price of $29.50 per share, for a total transaction of $329,957.50.
  • On Wednesday, June 5th, Istar Inc. bought 36,000 shares of Safehold stock. The stock was acquired at an average price of $29.10 per share, for a total transaction of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $27.95 per share, for a total transaction of $419,250.00.

NYSE:SAFE opened at $32.52 on Friday. Safehold Inc has a 52 week low of $16.13 and a 52 week high of $33.22. The stock has a market capitalization of $595.77 million, a P/E ratio of 50.81 and a beta of 0.26. The company has a fifty day simple moving average of $29.53.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, April 25th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). Safehold had a net margin of 31.96% and a return on equity of 4.50%. The business had revenue of $21.80 million during the quarter, compared to analysts’ expectations of $20.81 million. As a group, research analysts anticipate that Safehold Inc will post 1.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.156 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.62 dividend on an annualized basis and a yield of 1.92%. This is an increase from Safehold’s previous quarterly dividend of $0.15. Safehold’s payout ratio is currently 96.88%.

SAFE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.

Large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Safehold by 3.0% in the fourth quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock valued at $8,789,000 after purchasing an additional 13,408 shares during the period. Barclays PLC raised its position in Safehold by 46.3% in the fourth quarter. Barclays PLC now owns 5,193 shares of the company’s stock valued at $97,000 after purchasing an additional 1,643 shares during the period. Angeles Investment Advisors LLC purchased a new stake in Safehold in the first quarter valued at $414,000. Pinnacle Associates Ltd. raised its holdings in shares of Safehold by 10.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 18,225 shares of the company’s stock valued at $397,000 after buying an additional 1,725 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Safehold by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 88,180 shares of the company’s stock valued at $1,658,000 after buying an additional 4,371 shares during the period. Institutional investors own 34.19% of the company’s stock.

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. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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