Istar Inc. Buys 22,500 Shares of Safehold Inc (NYSE:SAFE) Stock

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Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 22,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $28.59 per share, with a total value of $643,275.00. Following the transaction, the insider now owns 26,923,393 shares of the company’s stock, valued at approximately $769,739,805.87. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Tuesday, September 3rd, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was bought at an average price of $29.03 per share, for a total transaction of $653,175.00.
  • On Wednesday, August 28th, Istar Inc. purchased 34,500 shares of Safehold stock. The stock was bought at an average price of $28.76 per share, for a total transaction of $992,220.00.
  • On Friday, August 23rd, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was bought at an average price of $28.70 per share, for a total transaction of $645,750.00.
  • On Tuesday, August 20th, Istar Inc. acquired 22,500 shares of Safehold stock. The shares were bought at an average cost of $29.04 per share, with a total value of $653,400.00.
  • On Thursday, August 15th, Istar Inc. acquired 40,000 shares of Safehold stock. The shares were bought at an average cost of $28.52 per share, with a total value of $1,140,800.00.
  • On Friday, August 2nd, Istar Inc. acquired 9,730 shares of Safehold stock. The shares were purchased at an average price of $33.34 per share, with a total value of $324,398.20.
  • On Wednesday, July 31st, Istar Inc. bought 15,000 shares of Safehold stock. The stock was purchased at an average cost of $33.42 per share, for a total transaction of $501,300.00.
  • On Friday, July 26th, Istar Inc. bought 10,000 shares of Safehold stock. The stock was purchased at an average price of $33.35 per share, for a total transaction of $333,500.00.
  • On Wednesday, July 24th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was purchased at an average price of $33.05 per share, for a total transaction of $495,750.00.
  • On Friday, July 19th, Istar Inc. purchased 15,000 shares of Safehold stock. The shares were purchased at an average cost of $32.15 per share, with a total value of $482,250.00.

SAFE stock opened at $27.64 on Wednesday. Safehold Inc has a 52 week low of $16.35 and a 52 week high of $34.14. The firm has a market capitalization of $953.07 million, a P/E ratio of 43.19 and a beta of 0.35. The company has a fifty day simple moving average of $30.09 and a two-hundred day simple moving average of $26.84.

Safehold (NYSE:SAFE) last posted its earnings results on Friday, July 26th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The business had revenue of $19.68 million during the quarter, compared to the consensus estimate of $19.77 million. Safehold had a return on equity of 4.57% and a net margin of 32.29%. Research analysts anticipate that Safehold Inc will post 1.14 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in Safehold by 4.0% during the second quarter. UBS Group AG now owns 2,023,611 shares of the company’s stock worth $61,113,000 after acquiring an additional 77,779 shares during the last quarter. Vanguard Group Inc. lifted its position in Safehold by 14.3% in the second quarter. Vanguard Group Inc. now owns 568,043 shares of the company’s stock worth $17,154,000 after buying an additional 71,109 shares during the last quarter. BlackRock Inc. lifted its position in Safehold by 11.2% in the second quarter. BlackRock Inc. now owns 533,274 shares of the company’s stock worth $16,105,000 after buying an additional 53,799 shares during the last quarter. FMR LLC lifted its position in Safehold by 7.7% in the first quarter. FMR LLC now owns 484,299 shares of the company’s stock worth $10,563,000 after buying an additional 34,628 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Safehold by 22.3% during the second quarter. Renaissance Technologies LLC now owns 100,009 shares of the company’s stock worth $3,020,000 after buying an additional 18,204 shares during the period. 18.51% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on SAFE. Zacks Investment Research upgraded Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a report on Saturday, August 10th. Barclays upped their price objective on Safehold from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Sunday, August 18th. TheStreet raised Safehold from a “c” rating to a “b-” rating in a report on Wednesday, August 7th. Finally, ValuEngine downgraded Safehold from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. Safehold presently has an average rating of “Hold” and a consensus target price of $25.83.

Safehold Company Profile

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.

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

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