B&I Capital AG Cuts Stock Holdings in Safehold Inc. $SAFE

B&I Capital AG decreased its holdings in shares of Safehold Inc. (NYSE:SAFE) by 44.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,174 shares of the company’s stock after selling 99,809 shares during the period. Safehold makes up about 0.7% of B&I Capital AG’s holdings, making the stock its 27th biggest position. B&I Capital AG owned approximately 0.18% of Safehold worth $1,954,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in Safehold by 928.2% during the second quarter. Hantz Financial Services Inc. now owns 1,861 shares of the company’s stock worth $29,000 after acquiring an additional 1,680 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Safehold by 115.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares during the period. GAMMA Investing LLC increased its holdings in shares of Safehold by 117.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the company’s stock valued at $61,000 after purchasing an additional 2,117 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Safehold by 179.1% in the third quarter. Versant Capital Management Inc now owns 4,225 shares of the company’s stock valued at $65,000 after purchasing an additional 2,711 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Safehold during the second quarter worth about $74,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Safehold Price Performance

NYSE:SAFE opened at $14.12 on Friday. Safehold Inc. has a 12-month low of $12.76 and a 12-month high of $19.53. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.84. The company’s 50-day moving average is $14.03 and its two-hundred day moving average is $14.72. The company has a current ratio of 36.91, a quick ratio of 36.91 and a debt-to-equity ratio of 1.86.

Safehold (NYSE:SAFE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Safehold had a net margin of 29.67% and a return on equity of 4.78%. The business had revenue of $96.16 million during the quarter, compared to analyst estimates of $95.25 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts expect that Safehold Inc. will post 1.58 EPS for the current year.

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were given a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.0%. Safehold’s payout ratio is currently 45.22%.

Analyst Ratings Changes

A number of brokerages have issued reports on SAFE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Safehold in a report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Safehold in a research note on Saturday, November 22nd. Mizuho lifted their price objective on Safehold from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Morgan Stanley lowered Safehold from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Safehold from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.00.

Safehold Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.