UBS Group AG Has $51.63 Million Holdings in Safehold Inc. (NYSE:SAFE)

UBS Group AG boosted its stake in Safehold Inc. (NYSE:SAFE) by 1,002.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,206,178 shares of the company’s stock after buying an additional 2,006,133 shares during the quarter. UBS Group AG’s holdings in Safehold were worth $51,625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in Safehold by 1,240.4% in the third quarter. Fifth Third Bancorp now owns 1,394 shares of the company’s stock valued at $25,000 after purchasing an additional 1,290 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Safehold by 197.7% during the 4th quarter. Versant Capital Management Inc now owns 1,402 shares of the company’s stock worth $33,000 after purchasing an additional 931 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Safehold during the 4th quarter worth approximately $33,000. PNC Financial Services Group Inc. raised its holdings in Safehold by 195.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock valued at $81,000 after acquiring an additional 2,994 shares in the last quarter. Finally, abrdn plc acquired a new position in Safehold in the 4th quarter valued at $211,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Stock Up 0.2 %

Safehold stock traded up $0.03 during midday trading on Friday, reaching $19.33. The stock had a trading volume of 182,397 shares, compared to its average volume of 282,830. The company has a debt-to-equity ratio of 1.78, a quick ratio of 42.51 and a current ratio of 42.51. Safehold Inc. has a 52-week low of $15.00 and a 52-week high of $26.82. The company has a fifty day moving average of $19.60 and a 200 day moving average of $20.39.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Monday, May 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $93.20 million for the quarter, compared to the consensus estimate of $88.20 million. Safehold had a negative net margin of 7.87% and a positive return on equity of 4.43%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Equities analysts predict that Safehold Inc. will post 1.54 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.177 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.71 dividend on an annualized basis and a yield of 3.66%. Safehold’s dividend payout ratio is presently -157.78%.

Analyst Ratings Changes

SAFE has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Safehold from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Mizuho downgraded Safehold from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Friday, May 10th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of Safehold in a research note on Thursday, May 16th. Finally, Royal Bank of Canada reduced their price objective on Safehold from $32.00 to $29.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.22.

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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.