Istar Inc. Buys 15,000 Shares of Safehold Inc (NYSE:SAFE) Stock

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Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was bought at an average price of $32.31 per share, with a total value of $484,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, July 8th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average price of $31.19 per share, with a total value of $467,850.00.
  • On Tuesday, July 2nd, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average price of $30.14 per share, with a total value of $452,100.00.
  • On Thursday, June 27th, Istar Inc. purchased 10,000 shares of Safehold stock. The stock was bought at an average price of $28.64 per share, with a total value of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. purchased 9,186 shares of Safehold stock. The stock was bought at an average price of $28.75 per share, with a total value of $264,097.50.
  • On Friday, June 21st, Istar Inc. purchased 14,826 shares of Safehold stock. The stock was bought at an average price of $28.70 per share, with a total value of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average price of $29.11 per share, with a total value of $436,650.00.
  • On Thursday, June 13th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average price of $28.51 per share, with a total value of $427,650.00.
  • On Monday, June 10th, Istar Inc. purchased 11,185 shares of Safehold stock. The stock was bought at an average price of $29.50 per share, with a total value of $329,957.50.
  • On Wednesday, June 5th, Istar Inc. purchased 36,000 shares of Safehold stock. The stock was bought at an average price of $29.10 per share, with a total value of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was bought at an average price of $27.95 per share, with a total value of $419,250.00.

Safehold stock opened at $32.52 on Friday. The firm has a market capitalization of $597.85 million, a P/E ratio of 50.81 and a beta of 0.26. The stock has a fifty day simple moving average of $29.53. Safehold Inc has a 12 month low of $16.13 and a 12 month high of $33.22.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $21.80 million during the quarter, compared to analyst estimates of $20.81 million. Safehold had a return on equity of 4.50% and a net margin of 31.96%. As a group, equities analysts forecast that Safehold Inc will post 1.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Safehold’s previous quarterly dividend of $0.15. Safehold’s payout ratio is currently 96.88%.

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its holdings in Safehold by 83.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock worth $47,000 after purchasing an additional 711 shares during the period. Barclays PLC boosted its holdings in shares of Safehold by 46.3% during the fourth quarter. Barclays PLC now owns 5,193 shares of the company’s stock valued at $97,000 after acquiring an additional 1,643 shares during the period. Rhumbline Advisers acquired a new position in shares of Safehold during the fourth quarter valued at $218,000. Pinnacle Associates Ltd. boosted its holdings in shares of Safehold by 10.5% during the first quarter. Pinnacle Associates Ltd. now owns 18,225 shares of the company’s stock valued at $397,000 after acquiring an additional 1,725 shares during the period. Finally, Angeles Investment Advisors LLC acquired a new position in shares of Safehold during the first quarter valued at $414,000. 34.19% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

About Safehold

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.

Further Reading: What is the Producer Price Index (PPI)?

Insider Buying and Selling by Quarter for Safehold (NYSE:SAFE)

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