Wall Street analysts expect Safety Income & Growth Inc (NYSE:SAFE) to report sales of $12.81 million for the current quarter, Zacks reports. Two analysts have made estimates for Safety Income & Growth’s earnings. The lowest sales estimate is $12.72 million and the highest is $12.90 million. Safety Income & Growth posted sales of $6.75 million in the same quarter last year, which would indicate a positive year over year growth rate of 89.8%. The firm is expected to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Safety Income & Growth will report full-year sales of $47.72 million for the current fiscal year, with estimates ranging from $47.63 million to $47.80 million. For the next year, analysts expect that the business will report sales of $70.52 million, with estimates ranging from $65.10 million to $75.94 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Safety Income & Growth.

Safety Income & Growth (NYSE:SAFE) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.17). Safety Income & Growth had a return on equity of 1.67% and a net margin of 14.62%. The company had revenue of $11.64 million for the quarter, compared to the consensus estimate of $11.76 million.

A number of equities research analysts have recently issued reports on SAFE shares. Barclays reiterated a “hold” rating and set a $20.00 price objective on shares of Safety Income & Growth in a research note on Sunday, October 14th. Bank of America cut Safety Income & Growth from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $19.50 to $18.50 in a research note on Thursday, November 15th. Finally, Zacks Investment Research cut Safety Income & Growth from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Safety Income & Growth currently has a consensus rating of “Hold” and a consensus target price of $19.50.

In related news, major shareholder Istar Inc. acquired 2,318 shares of the company’s stock in a transaction dated Monday, November 26th. The shares were bought at an average price of $19.17 per share, for a total transaction of $44,436.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have bought 117,466 shares of company stock worth $2,181,270. Company insiders own 1.21% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. Paloma Partners Management Co bought a new stake in Safety Income & Growth in the 2nd quarter valued at $222,000. Acadian Asset Management LLC bought a new stake in Safety Income & Growth in the 2nd quarter valued at $230,000. Pinnacle Associates Ltd. raised its stake in Safety Income & Growth by 58.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 17,400 shares of the company’s stock valued at $326,000 after acquiring an additional 6,400 shares during the period. GSA Capital Partners LLP bought a new stake in Safety Income & Growth in the 3rd quarter valued at $328,000. Finally, Renaissance Technologies LLC bought a new stake in Safety Income & Growth in the 3rd quarter valued at $1,026,000. Institutional investors and hedge funds own 34.88% of the company’s stock.

Shares of Safety Income & Growth stock traded up $0.30 on Monday, reaching $18.96. 32,600 shares of the company were exchanged, compared to its average volume of 59,780. Safety Income & Growth has a one year low of $15.57 and a one year high of $20.17. The stock has a market cap of $340.17 million, a P/E ratio of 56.54 and a beta of 0.15.

Safety Income & Growth Company Profile

Safety, Income & Growth Inc (NYSE:SAFE) is the first publicly traded company focused on ground leases. The Company seeks to provide real estate owners with better, lower cost capital through its modern ground lease structure, while delivering safe, growing income and long-term capital appreciation to its shareholders.

Recommended Story: Moving Average (MA)

Get a free copy of the Zacks research report on Safety Income & Growth (SAFE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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