Insider Buying: Safety Income & Growth Inc (SAFE) Major Shareholder Purchases 74,453 Shares of Stock

Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 74,453 shares of the stock in a transaction dated Wednesday, January 17th. The stock was acquired at an average cost of $17.89 per share, with a total value of $1,331,964.17. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Thursday, January 11th, Istar Inc. acquired 71,993 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.95 per share, with a total value of $1,292,274.35.
  • On Monday, January 8th, Istar Inc. acquired 59,420 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.95 per share, with a total value of $1,066,589.00.
  • On Wednesday, January 3rd, Istar Inc. acquired 71,434 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.88 per share, with a total value of $1,277,239.92.
  • On Thursday, December 28th, Istar Inc. acquired 49,646 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.81 per share, with a total value of $884,195.26.
  • On Tuesday, December 26th, Istar Inc. acquired 63,545 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.81 per share, with a total value of $1,131,736.45.
  • On Wednesday, December 20th, Istar Inc. acquired 45,859 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $18.05 per share, with a total value of $827,754.95.
  • On Friday, December 15th, Istar Inc. acquired 51,816 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $18.04 per share, with a total value of $934,760.64.
  • On Tuesday, December 12th, Istar Inc. acquired 34,790 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.90 per share, with a total value of $622,741.00.
  • On Friday, December 8th, Istar Inc. acquired 60,752 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.89 per share, with a total value of $1,086,853.28.
  • On Tuesday, December 5th, Istar Inc. acquired 51,485 shares of Safety Income & Growth stock. The stock was acquired at an average cost of $17.98 per share, with a total value of $925,700.30.

Shares of Safety Income & Growth Inc (SAFE) traded down $0.04 on Friday, reaching $17.79. The company’s stock had a trading volume of 127,100 shares, compared to its average volume of 159,758. Safety Income & Growth Inc has a 12 month low of $17.27 and a 12 month high of $20.00. The firm has a market cap of $324.69 and a PE ratio of 889.50.

Safety Income & Growth (NYSE:SAFE) last issued its quarterly earnings results on Thursday, October 26th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.16). The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.86 million. research analysts forecast that Safety Income & Growth Inc will post 0.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 3.37%. Safety Income & Growth’s dividend payout ratio (DPR) is presently 750.00%.

A number of analysts have commented on SAFE shares. Zacks Investment Research cut Safety Income & Growth from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safety Income & Growth in a research report on Tuesday, October 31st. Finally, Bank of America lowered their price target on Safety Income & Growth from $20.00 to $18.90 and set a “neutral” rating for the company in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.58.

Several hedge funds have recently modified their holdings of SAFE. Vanguard Group Inc. acquired a new position in shares of Safety Income & Growth in the 2nd quarter valued at about $4,787,000. FMR LLC acquired a new position in shares of Safety Income & Growth in the 2nd quarter valued at about $41,620,000. V3 Capital Management L.P. acquired a new position in shares of Safety Income & Growth in the 2nd quarter valued at about $8,139,000. Balyasny Asset Management LLC acquired a new position in shares of Safety Income & Growth in the 2nd quarter valued at about $4,286,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Safety Income & Growth in the 2nd quarter valued at about $479,000. 40.34% of the stock is owned by institutional investors and hedge funds.

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Safety Income & Growth Company Profile

Safety, Income and Growth, Inc is formed primarily to acquire, own, manage, finance and capitalize ground net leases (GNLs). The Company’s portfolio consists of 12 properties, which includes Doubletree Seattle Airport, One Ally Center, Hilton Salt Lake, Doubletree Mission Valley, Doubletree Sonoma, Doubletree Durango, Dallas Market Center: Sheraton Suites, Northside Forsyth Hospital Medical Center, NASA/JPSS Headquarters, The Buckler Apartments, Dallas Market Center: Marriott Courtyard and Lock Up Self Storage Facility.

Insider Buying and Selling by Quarter for Safety Income & Growth (NYSE:SAFE)

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