Several other equities analysts have also commented on SAFE. Zacks Investment Research raised Safehold from a hold rating to a strong-buy rating and set a $33.00 price target on the stock in a research report on Saturday, August 10th. TheStreet raised Safehold from a c rating to a b- rating in a research report on Wednesday, August 7th. Finally, ValuEngine lowered Safehold from a buy rating to a hold rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $25.83.
Safehold stock opened at $28.82 on Friday. The stock’s 50 day moving average price is $31.53 and its 200 day moving average price is $25.85. The firm has a market capitalization of $1.00 billion, a PE ratio of 45.03 and a beta of 0.26. Safehold has a one year low of $16.13 and a one year high of $34.14.
In other Safehold news, major shareholder Istar Inc. bought 15,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $27.95 per share, with a total value of $419,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders acquired 322,632 shares of company stock worth $9,728,230. 1.47% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG increased its holdings in shares of Safehold by 4.0% in the 2nd quarter. UBS Group AG now owns 2,023,611 shares of the company’s stock valued at $61,113,000 after acquiring an additional 77,779 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Safehold by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 568,043 shares of the company’s stock valued at $17,154,000 after acquiring an additional 71,109 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Safehold by 11.2% in the 2nd quarter. BlackRock Inc. now owns 533,274 shares of the company’s stock valued at $16,105,000 after acquiring an additional 53,799 shares during the last quarter. FMR LLC increased its holdings in shares of Safehold by 7.7% in the 1st quarter. FMR LLC now owns 484,299 shares of the company’s stock valued at $10,563,000 after acquiring an additional 34,628 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Safehold by 22.3% in the 2nd quarter. Renaissance Technologies LLC now owns 100,009 shares of the company’s stock valued at $3,020,000 after acquiring an additional 18,204 shares during the last quarter. 17.54% of the stock is currently owned by institutional investors.
Safehold Company Profile
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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