Safehold Inc (NYSE:SAFE) CEO Jay Sugarman bought 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average price of $42.40 per share, with a total value of $10,600.00. Following the purchase, the chief executive officer now owns 37,214 shares of the company’s stock, valued at approximately $1,577,873.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jay Sugarman also recently made the following trade(s):

  • On Monday, December 2nd, Jay Sugarman purchased 500 shares of Safehold stock. The stock was acquired at an average price of $40.13 per share, for a total transaction of $20,065.00.
  • On Friday, November 29th, Jay Sugarman purchased 600 shares of Safehold stock. The shares were acquired at an average cost of $41.17 per share, with a total value of $24,702.00.
  • On Wednesday, November 27th, Jay Sugarman acquired 400 shares of Safehold stock. The shares were acquired at an average cost of $41.20 per share, with a total value of $16,480.00.
  • On Monday, November 25th, Jay Sugarman acquired 2,700 shares of Safehold stock. The shares were acquired at an average cost of $39.00 per share, with a total value of $105,300.00.
  • On Monday, November 18th, Jay Sugarman acquired 600 shares of Safehold stock. The stock was acquired at an average price of $35.71 per share, for a total transaction of $21,426.00.
  • On Friday, November 15th, Jay Sugarman bought 400 shares of Safehold stock. The shares were acquired at an average cost of $36.46 per share, for a total transaction of $14,584.00.
  • On Wednesday, November 13th, Jay Sugarman bought 300 shares of Safehold stock. The shares were acquired at an average price of $35.10 per share, with a total value of $10,530.00.
  • On Monday, November 11th, Jay Sugarman purchased 200 shares of Safehold stock. The stock was acquired at an average cost of $34.08 per share, with a total value of $6,816.00.

NYSE SAFE traded down $0.59 during trading hours on Friday, hitting $42.14. The company had a trading volume of 11,816 shares, compared to its average volume of 135,718. The business has a 50 day moving average of $36.06 and a 200-day moving average of $31.77. The company has a market cap of $1.65 billion, a PE ratio of 66.02 and a beta of 0.46. Safehold Inc has a 1-year low of $16.53 and a 1-year high of $43.01.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, October 24th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. Safehold had a return on equity of 4.70% and a net margin of 32.27%. The business had revenue of $22.31 million for the quarter, compared to analysts’ expectations of $21.74 million. On average, sell-side analysts predict that Safehold Inc will post 1.03 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of Safehold by 7.1% in the second quarter. Morgan Stanley now owns 59,907 shares of the company’s stock valued at $1,808,000 after acquiring an additional 3,951 shares during the period. Russell Investments Group Ltd. purchased a new stake in Safehold in the 3rd quarter valued at $492,000. NJ State Employees Deferred Compensation Plan acquired a new stake in Safehold during the 3rd quarter worth $305,000. Vanguard Group Inc. boosted its stake in Safehold by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 568,043 shares of the company’s stock worth $17,154,000 after purchasing an additional 71,109 shares during the period. Finally, Strs Ohio grew its position in Safehold by 33.3% during the 3rd quarter. Strs Ohio now owns 15,185 shares of the company’s stock worth $463,000 after purchasing an additional 3,796 shares during the last quarter. Hedge funds and other institutional investors own 20.97% of the company’s stock.

Several equities analysts have commented on SAFE shares. ValuEngine lowered shares of Safehold from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Barclays restated a “sell” rating and set a $29.00 price objective on shares of Safehold in a research report on Sunday, October 13th. Finally, Zacks Investment Research upgraded shares of Safehold from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.

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Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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