Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. bought 76,136 shares of Safetyome & Growth stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $18.85 per share, with a total value of $1,435,163.60. Following the completion of the acquisition, the insider now directly owns 5,332,527 shares in the company, valued at approximately $100,518,133.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 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 Wednesday, August 2nd, Istar Inc. acquired 114,292 shares of Safetyome & Growth stock. The shares were bought at an average cost of $18.49 per share, with a total value of $2,113,259.08.
  • On Friday, July 28th, Istar Inc. acquired 97,499 shares of Safetyome & Growth stock. The shares were bought at an average cost of $18.55 per share, with a total value of $1,808,606.45.
  • On Tuesday, July 25th, Istar Inc. acquired 19,600 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.25 per share, with a total value of $377,300.00.
  • On Tuesday, June 27th, Istar Inc. acquired 2,250,000 shares of Safetyome & Growth stock. The shares were bought at an average cost of $20.00 per share, with a total value of $45,000,000.00.

Safety Income & Growth Inc (NASDAQ SAFE) opened at 18.61 on Monday. Safety Income & Growth Inc has a 52-week low of $18.02 and a 52-week high of $20.00. The firm’s 50-day moving average price is $19.24 and its 200 day moving average price is $19.24. The firm has a market cap of $338.52 million and a PE ratio of 111.44.

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SAFE has been the subject of several analyst reports. Ladenburg Thalmann Financial Services initiated coverage on Safetyome & Growth in a research note on Friday, July 14th. They set a “buy” rating and a $22.00 price objective for the company. Barclays PLC initiated coverage on Safetyome & Growth in a research note on Monday, July 17th. They set an “equal weight” rating and a $21.00 price objective for the company. J P Morgan Chase & Co initiated coverage on Safetyome & Growth in a research note on Monday, July 17th. They set a “neutral” rating and a $21.00 price objective for the company. Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Safetyome & Growth in a research note on Monday, July 17th. Finally, UBS AG initiated coverage on Safetyome & Growth in a research note on Monday, July 17th. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Safetyome & Growth presently has an average rating of “Hold” and an average target price of $21.00.

A hedge fund recently bought a new stake in Safetyome & Growth stock. State of New Jersey Common Pension Fund D purchased a new position in shares of Safety Income & Growth Inc (NASDAQ:SAFE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $6,703,000.

About Safetyome & Growth

Insider Buying and Selling by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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