Safety Income & Growth Inc (SAFE) Major Shareholder Buys $140,309.50 in Stock

Share on StockTwits

Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 7,225 shares of Safety Income & Growth stock in a transaction on Tuesday, March 12th. The shares were acquired at an average price of $19.42 per share, for a total transaction of $140,309.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, March 7th, Istar Inc. purchased 7,941 shares of Safety Income & Growth stock. The shares were acquired at an average price of $19.38 per share, for a total transaction of $153,896.58.
  • On Monday, March 4th, Istar Inc. purchased 8,180 shares of Safety Income & Growth stock. The shares were acquired at an average price of $19.13 per share, for a total transaction of $156,483.40.
  • On Wednesday, February 27th, Istar Inc. bought 7,489 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.42 per share, for a total transaction of $145,436.38.
  • On Thursday, February 21st, Istar Inc. bought 7,509 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.35 per share, for a total transaction of $145,299.15.
  • On Monday, December 31st, Istar Inc. bought 14,534 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.06 per share, for a total transaction of $277,018.04.
  • On Thursday, December 27th, Istar Inc. bought 21,300 shares of Safety Income & Growth stock. The stock was purchased at an average price of $18.99 per share, for a total transaction of $404,487.00.
  • On Friday, December 21st, Istar Inc. bought 17,100 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.36 per share, for a total transaction of $331,056.00.
  • On Tuesday, December 18th, Istar Inc. bought 16,700 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.26 per share, for a total transaction of $321,642.00.
  • On Thursday, December 13th, Istar Inc. bought 15,631 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.18 per share, for a total transaction of $299,802.58.

NYSE:SAFE traded down $0.02 during trading hours on Friday, hitting $19.91. The company had a trading volume of 18,039 shares, compared to its average volume of 30,314. The stock has a market cap of $355.47 million, a P/E ratio of 31.11 and a beta of 0.13. Safety Income & Growth Inc has a 52 week low of $15.57 and a 52 week high of $20.17.

Safety Income & Growth (NYSE:SAFE) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $14.81 million during the quarter, compared to the consensus estimate of $12.74 million. Safety Income & Growth had a net margin of 23.61% and a return on equity of 3.22%. Analysts predict that Safety Income & Growth Inc will post 1.36 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on SAFE shares. ValuEngine cut shares of Safety Income & Growth from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Barclays upgraded shares of Safety Income & Growth from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $21.00 to $22.00 in a report on Monday, February 4th. Zacks Investment Research cut shares of Safety Income & Growth from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 9th. Finally, Bank of America cut shares of Safety Income & Growth from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $19.50 to $18.50 in a report on Thursday, November 15th.

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in Safety Income & Growth by 46.3% during the fourth quarter. Barclays PLC now owns 5,193 shares of the company’s stock valued at $97,000 after buying an additional 1,643 shares during the period. Ramsey Quantitative Systems lifted its position in Safety Income & Growth by 119.8% during the fourth quarter. Ramsey Quantitative Systems now owns 6,489 shares of the company’s stock valued at $122,000 after buying an additional 3,537 shares during the period. Rhumbline Advisers purchased a new position in Safety Income & Growth during the fourth quarter valued at $218,000. Wiley BROS. Aintree Capital LLC purchased a new position in Safety Income & Growth during the fourth quarter valued at $245,000. Finally, Strs Ohio lifted its position in Safety Income & Growth by 5.8% during the fourth quarter. Strs Ohio now owns 13,899 shares of the company’s stock valued at $261,000 after buying an additional 759 shares during the period. Institutional investors and hedge funds own 34.63% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/4223621/safety-income-growth-inc-safe-major-shareholder-buys-140309-50-in-stock.html.

Safety Income & Growth Company Profile

Safety, Income & Growth Inc (NYSE:SAFE) is the first publicly traded company focused on ground leases. The Company seeks to provide real estate owners with better, lower cost capital through its modern ground lease structure, while delivering safe, growing income and long-term capital appreciation to its shareholders.

See Also: Special Dividends

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

Receive News & Ratings for Safety Income & Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Income & Growth and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Catalyst Capital Advisors LLC Takes $1.03 Million Position in Tractor Supply
Catalyst Capital Advisors LLC Takes $1.03 Million Position in Tractor Supply
Catalyst Capital Advisors LLC Has $2.67 Million Stake in Bunge Ltd
Catalyst Capital Advisors LLC Has $2.67 Million Stake in Bunge Ltd
Connor Clark & Lunn Investment Management Ltd. Reduces Position in Cenovus Energy Inc
Connor Clark & Lunn Investment Management Ltd. Reduces Position in Cenovus Energy Inc
Covenant Transportation Group  Lifted to “Outperform” at Cowen
Covenant Transportation Group Lifted to “Outperform” at Cowen
CenterPoint Energy, Inc.  Insider Milton Carroll Sells 19,780 Shares
CenterPoint Energy, Inc. Insider Milton Carroll Sells 19,780 Shares
Connor Clark & Lunn Investment Management Ltd. Has $12.79 Million Holdings in Keurig Dr Pepper Inc
Connor Clark & Lunn Investment Management Ltd. Has $12.79 Million Holdings in Keurig Dr Pepper Inc


© 2006-2019 Ticker Report