Hsbc Holdings PLC Buys Shares of 109,952 Safehold Inc. $SAFE

Hsbc Holdings PLC purchased a new stake in shares of Safehold Inc. (NYSE:SAFE) during the second quarter, HoldingsChannel.com reports. The fund purchased 109,952 shares of the company’s stock, valued at approximately $1,726,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Safehold by 2.1% during the second quarter. BlackRock Inc. now owns 9,938,575 shares of the company’s stock valued at $156,036,000 after purchasing an additional 200,628 shares during the period. Geode Capital Management LLC raised its stake in Safehold by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,355,407 shares of the company’s stock valued at $18,557,000 after buying an additional 6,255 shares during the last quarter. Long Pond Capital LP bought a new position in shares of Safehold during the 4th quarter valued at $12,936,000. NewEdge Wealth LLC bought a new position in shares of Safehold during the 2nd quarter valued at $10,529,000. Finally, Invesco Ltd. boosted its stake in shares of Safehold by 4.6% in the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock worth $9,646,000 after buying an additional 27,395 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on SAFE shares. Raymond James Financial began coverage on Safehold in a report on Wednesday, August 19th. They issued a “market perform” rating for the company. Cantor Fitzgerald reissued a “neutral” rating on shares of Safehold in a research report on Tuesday, August 4th. Zacks Research raised Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Safehold from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.17.

Safehold Trading Down 0.1%

Shares of SAFE stock opened at $15.36 on Monday. Safehold Inc. has a 1 year low of $12.76 and a 1 year high of $17.45. The firm has a fifty day moving average price of $15.97 and a 200-day moving average price of $15.38. The company has a debt-to-equity ratio of 1.77, a current ratio of 34.37 and a quick ratio of 34.36. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 4.58 and a beta of 1.75.

Safehold (NYSE:SAFE) last announced its earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. Safehold had a return on equity of 4.76% and a net margin of 27.70%.The company had revenue of $114.65 million for the quarter, compared to analysts’ expectations of $110.78 million. As a group, equities analysts predict that Safehold Inc. will post 1.64 earnings per share for the current year.

Safehold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s payout ratio is presently 43.83%.

Safehold Company Profile

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.