Russell Investments Group Ltd. Buys 43,430 Shares of Safehold Inc. $SAFE

Russell Investments Group Ltd. boosted its position in Safehold Inc. (NYSE:SAFE) by 24.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 223,782 shares of the company’s stock after purchasing an additional 43,430 shares during the period. Russell Investments Group Ltd. owned about 0.32% of Safehold worth $3,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Safehold by 0.5% in the fourth 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 period. Long Pond Capital LP bought a new position in shares of Safehold during the 4th quarter worth $12,936,000. Invesco Ltd. grew its stake in shares of Safehold by 4.6% during the 2nd quarter. Invesco Ltd. now owns 619,951 shares of the company’s stock worth $9,646,000 after acquiring an additional 27,395 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Safehold by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,761 shares of the company’s stock worth $8,120,000 after acquiring an additional 15,280 shares during the period. Finally, Deutsche Bank AG increased its holdings in Safehold by 339.9% in the 4th quarter. Deutsche Bank AG now owns 370,042 shares of the company’s stock worth $5,066,000 after acquiring an additional 285,920 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAFE. Weiss Ratings upgraded Safehold from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Safehold from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada lowered shares of Safehold from a “market outperform” rating to a “sector perform” rating and lowered their price target for the company from $18.00 to $16.00 in a research report on Friday, May 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Safehold in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.17.

Safehold Stock Performance

Shares of SAFE opened at $15.26 on Friday. The stock’s 50-day simple moving average is $16.04 and its 200 day simple moving average is $15.31. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 4.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.77, a quick ratio of 34.36 and a current ratio of 34.37. Safehold Inc. has a 52-week low of $12.76 and a 52-week high of $17.45.

Safehold (NYSE:SAFE) last issued its earnings results on Thursday, July 30th. The company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $114.65 million during the quarter, compared to the consensus estimate of $110.78 million. Safehold had a return on equity of 4.76% and a net margin of 27.70%. Research analysts forecast that Safehold Inc. will post 1.65 EPS for the current fiscal year.

Safehold Dividend Announcement

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

About Safehold

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.