Public Employees Retirement System of Ohio Makes New Investment in Safehold Inc. $SAFE

Public Employees Retirement System of Ohio purchased a new stake in Safehold Inc. (NYSE:SAFE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 63,499 shares of the company’s stock, valued at approximately $997,000. Public Employees Retirement System of Ohio owned 0.09% of Safehold at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SAFE. BlackRock Inc. grew its holdings in Safehold by 2.1% in the 2nd quarter. BlackRock Inc. now owns 9,938,575 shares of the company’s stock worth $156,036,000 after buying an additional 200,628 shares in the last quarter. Geode Capital Management LLC increased its position in Safehold by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after acquiring an additional 6,255 shares during the period. Long Pond Capital LP bought a new stake in Safehold during the 4th quarter valued at $12,936,000. NewEdge Wealth LLC bought a new stake in Safehold during the 2nd quarter valued at $10,529,000. Finally, Invesco Ltd. raised its stake in Safehold by 4.6% during the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock valued at $9,646,000 after acquiring an additional 27,395 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James Financial began coverage on Safehold in a research note on Wednesday, August 19th. They issued a “market perform” rating for the company. The Goldman Sachs Group cut their price objective on shares of Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, Zacks Research raised shares of Safehold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.17.

Safehold Stock Down 3.0%

Shares of SAFE stock opened at $14.67 on Wednesday. Safehold Inc. has a 1 year low of $12.76 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. The business’s fifty day moving average is $15.87 and its 200-day moving average is $15.37. The stock has a market cap of $1.04 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 4.51 and a beta of 1.73.

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

Safehold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.71 annualized dividend and a dividend yield of 4.8%. Safehold’s payout ratio is currently 43.83%.

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.