Denali Advisors LLC Makes New Investment in Safehold Inc. $SAFE

Denali Advisors LLC purchased a new stake in shares of Safehold Inc. (NYSE:SAFE) during the second quarter, Holdings Channel.com reports. The firm purchased 309,600 shares of the company’s stock, valued at approximately $4,861,000.

Several other large investors have also recently made changes to their positions in the business. Long Pond Capital LP bought a new stake in shares of Safehold in the 4th quarter worth approximately $12,936,000. NewEdge Wealth LLC bought a new position in shares of Safehold during the 2nd quarter valued at $10,529,000. Michelson Medical Research Foundation Inc. purchased a new position in Safehold in the 2nd quarter worth $4,629,000. Deutsche Bank AG raised its position in Safehold by 339.9% in the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock worth $5,066,000 after purchasing an additional 285,920 shares during the period. Finally, Millennium Management LLC lifted its stake in Safehold by 883.8% in the third quarter. Millennium Management LLC now owns 237,373 shares of the company’s stock worth $3,677,000 after purchasing an additional 213,244 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Safehold Price Performance

Shares of Safehold stock opened at $15.15 on Thursday. The company’s fifty day simple moving average is $15.99 and its two-hundred day simple moving average is $15.34. Safehold Inc. has a 12-month low of $12.76 and a 12-month high of $17.45. The firm has a market cap of $1.07 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 4.41 and a beta of 1.75. The company has a quick ratio of 34.36, a current ratio of 34.37 and a debt-to-equity ratio of 1.77.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $114.65 million during the quarter, compared to the consensus estimate of $110.78 million. Safehold had a net margin of 27.70% and a return on equity of 4.76%. As a group, equities analysts expect that Safehold Inc. will post 1.64 EPS for the current year.

Safehold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.71 dividend on an annualized basis and a yield of 4.7%. Safehold’s dividend payout ratio is presently 43.83%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SAFE. Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Raymond James Financial initiated coverage on Safehold in a research note on Wednesday. They issued a “market perform” rating for the company. Royal Bank Of Canada cut Safehold from a “market outperform” rating to a “sector perform” rating and dropped their target price for the company from $18.00 to $16.00 in a report on Friday, May 1st. Zacks Research upgraded Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.17.

Safehold Company 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.