Safehold Inc (NYSE:SAFE) Major Shareholder Buys $1,294,371.72 in Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 43,319 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was purchased at an average price of $29.88 per share, for a total transaction of $1,294,371.72. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, September 12th, Istar Inc. purchased 87,450 shares of Safehold stock. The stock was purchased at an average price of $28.51 per share, for a total transaction of $2,493,199.50.
  • On Friday, September 6th, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average price of $28.59 per share, for a total transaction of $643,275.00.
  • On Tuesday, September 3rd, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average price of $29.03 per share, for a total transaction of $653,175.00.
  • On Wednesday, August 28th, Istar Inc. purchased 34,500 shares of Safehold stock. The stock was purchased at an average price of $28.76 per share, for a total transaction of $992,220.00.
  • On Friday, August 23rd, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average price of $28.70 per share, for a total transaction of $645,750.00.
  • On Tuesday, August 20th, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average price of $29.04 per share, for a total transaction of $653,400.00.
  • On Thursday, August 15th, Istar Inc. purchased 40,000 shares of Safehold stock. The stock was purchased at an average price of $28.52 per share, for a total transaction of $1,140,800.00.
  • On Friday, August 2nd, Istar Inc. purchased 9,730 shares of Safehold stock. The stock was purchased at an average price of $33.34 per share, for a total transaction of $324,398.20.
  • On Wednesday, July 31st, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was purchased at an average price of $33.42 per share, for a total transaction of $501,300.00.
  • On Friday, July 26th, Istar Inc. purchased 10,000 shares of Safehold stock. The stock was purchased at an average price of $33.35 per share, for a total transaction of $333,500.00.

NYSE SAFE traded up $0.42 on Monday, hitting $30.00. 2,427 shares of the company traded hands, compared to its average volume of 144,683. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 46.88 and a beta of 0.34. The business’s 50 day moving average price is $29.46 and its 200-day moving average price is $27.31. Safehold Inc has a 52-week low of $16.35 and a 52-week high of $34.14.

Safehold (NYSE:SAFE) last released its earnings results on Friday, July 26th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.12). The company had revenue of $19.68 million for the quarter, compared to analysts’ expectations of $19.77 million. Safehold had a net margin of 32.29% and a return on equity of 4.57%. As a group, analysts anticipate that Safehold Inc will post 1.16 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in shares of Safehold by 83.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock worth $47,000 after purchasing an additional 711 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of Safehold in the second quarter worth about $36,000. Wells Fargo & Company MN increased its holdings in shares of Safehold by 8.8% in the second quarter. Wells Fargo & Company MN now owns 17,460 shares of the company’s stock worth $528,000 after purchasing an additional 1,412 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Safehold by 10.5% in the first quarter. Pinnacle Associates Ltd. now owns 18,225 shares of the company’s stock worth $397,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Safehold by 49.4% in the second quarter. Acadian Asset Management LLC now owns 7,446 shares of the company’s stock worth $225,000 after purchasing an additional 2,462 shares during the last quarter. Institutional investors own 18.52% of the company’s stock.

SAFE has been the topic of several analyst reports. ValuEngine downgraded Safehold from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Saturday, August 10th. TheStreet upgraded Safehold from a “c” rating to a “b-” rating in a research report on Wednesday, August 7th. Finally, Barclays lifted their target price on Safehold from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Sunday, August 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.83.

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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