Denali Advisors LLC Invests $1.26 Million in Safehold Inc. $SAFE

Denali Advisors LLC acquired a new position in shares of Safehold Inc. (NYSE:SAFE) in the 4th quarter, HoldingsChannel reports. The fund acquired 91,900 shares of the company’s stock, valued at approximately $1,258,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Safehold by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,411,158 shares of the company’s stock worth $21,859,000 after acquiring an additional 279,664 shares in the last quarter. Invesco Ltd. boosted its position 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 in the last quarter. Algert Global LLC boosted its position in shares of Safehold by 137.4% during the 3rd quarter. Algert Global LLC now owns 486,386 shares of the company’s stock worth $7,534,000 after acquiring an additional 281,478 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of Safehold by 7.3% during the 4th quarter. Peregrine Capital Management LLC now owns 346,818 shares of the company’s stock worth $4,748,000 after acquiring an additional 23,699 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAFE has been the subject of several analyst reports. Wall Street Zen cut Safehold from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Zacks Research downgraded Safehold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Mizuho boosted their target price on Safehold from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Morgan Stanley downgraded Safehold from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $16.00 to $14.00 in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Safehold in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Safehold presently has a consensus rating of “Hold” and an average target price of $19.00.

Safehold Stock Down 1.7%

Safehold stock opened at $15.15 on Friday. Safehold Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $17.16. The company has a debt-to-equity ratio of 1.91, a quick ratio of 34.97 and a current ratio of 35.58. The company has a market capitalization of $1.09 billion, a P/E ratio of 9.53, a PEG ratio of 1.62 and a beta of 1.86. The stock has a 50-day simple moving average of $14.93 and a 200-day simple moving average of $14.53.

Safehold (NYSE:SAFE) last posted its earnings results on Thursday, April 30th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $110.85 million during the quarter, compared to analysts’ expectations of $96.51 million. Safehold had a net margin of 28.58% and a return on equity of 4.78%. Equities research analysts expect that Safehold Inc. will post 1.69 earnings per share for the current year.

Safehold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.71 annualized dividend and a yield of 4.7%. Safehold’s dividend payout ratio is currently 44.65%.

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.