Safety Income & Growth Inc (NASDAQ:SAFE) CFO Geoffrey G. Jervis acquired 1,176 shares of the stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $19.54 per share, for a total transaction of $22,979.04. Following the completion of the transaction, the chief financial officer now owns 39,348 shares in the company, valued at $768,859.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Safety Income & Growth Inc (NASDAQ:SAFE) traded down 1.84% on Friday, reaching $19.24. The company had a trading volume of 1,251,464 shares. Safety Income & Growth Inc has a 1-year low of $18.02 and a 1-year high of $20.00. The stock has a market capitalization of $349.98 million and a P/E ratio of 115.21. The stock’s 50 day moving average is $19.23 and its 200-day moving average is $19.27.

ILLEGAL ACTIVITY NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/09/15/safety-income-growth-inc-safe-cfo-geoffrey-g-jervis-buys-1176-shares.html.

A number of institutional investors and hedge funds have recently modified their holdings of SAFE. State of New Jersey Common Pension Fund D acquired a new stake in Safetyome & Growth in the second quarter valued at approximately $6,703,000. Forward Management LLC acquired a new stake in Safetyome & Growth in the second quarter valued at approximately $4,213,000. Pinnacle Associates Ltd. acquired a new stake in Safetyome & Growth in the second quarter valued at approximately $196,000. Vanguard Group Inc. acquired a new stake in Safetyome & Growth in the second quarter valued at approximately $4,787,000. Finally, FMR LLC acquired a new stake in Safetyome & Growth in the second quarter valued at approximately $41,620,000.

SAFE has been the topic of a number of research analyst reports. J P Morgan Chase & Co initiated coverage on Safetyome & Growth in a report on Monday, July 17th. They issued a “neutral” rating and a $21.00 price target on the stock. Zacks Investment Research cut Safetyome & Growth from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James Financial, Inc. initiated coverage on Safetyome & Growth in a report on Tuesday, July 18th. They issued a “market perform” rating on the stock. UBS AG initiated coverage on Safetyome & Growth in a report on Monday, July 17th. They issued a “market perform” rating on the stock. Finally, Ladenburg Thalmann Financial Services initiated coverage on Safetyome & Growth in a report on Friday, July 14th. They issued a “buy” rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.80.

Safetyome & Growth Company Profile

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

Receive News & Ratings for Safety Income & Growth Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Income & Growth Inc and related companies with MarketBeat.com's FREE daily email newsletter.