Insider Buying: Safehold Inc (NYSE:SAFE) Major Shareholder Buys 36,000 Shares of Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average cost of $29.10 per share, with a total value of $1,047,600.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Thursday, June 27th, Istar Inc. acquired 10,000 shares of Safehold stock. The stock was purchased at an average cost of $28.64 per share, with a total value of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. bought 9,186 shares of Safehold stock. The shares were bought at an average price of $28.75 per share, for a total transaction of $264,097.50.
  • On Friday, June 21st, Istar Inc. bought 14,826 shares of Safehold stock. The stock was purchased at an average cost of $28.70 per share, for a total transaction of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average cost of $29.11 per share, for a total transaction of $436,650.00.
  • On Thursday, June 13th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average cost of $28.51 per share, for a total transaction of $427,650.00.
  • On Monday, June 10th, Istar Inc. acquired 11,185 shares of Safehold stock. The shares were bought at an average cost of $29.50 per share, for a total transaction of $329,957.50.
  • On Friday, May 31st, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average cost of $27.95 per share, for a total transaction of $419,250.00.
  • On Tuesday, May 28th, Istar Inc. acquired 9,205 shares of Safehold stock. The shares were bought at an average cost of $29.22 per share, for a total transaction of $268,970.10.
  • On Tuesday, May 21st, Istar Inc. acquired 10,000 shares of Safehold stock. The shares were bought at an average cost of $28.30 per share, for a total transaction of $283,000.00.
  • On Friday, May 17th, Istar Inc. acquired 9,525 shares of Safehold stock. The shares were bought at an average cost of $28.08 per share, for a total transaction of $267,462.00.

Shares of NYSE SAFE traded up $1.14 during trading hours on Friday, reaching $30.20. The stock had a trading volume of 160,920 shares, compared to its average volume of 71,878. The firm has a market cap of $532.44 million, a price-to-earnings ratio of 47.19 and a beta of 0.13. The company has a fifty day moving average price of $28.61. Safehold Inc has a 52-week low of $16.13 and a 52-week high of $31.08.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $21.80 million during the quarter, compared to analysts’ expectations of $20.81 million. Safehold had a net margin of 31.96% and a return on equity of 4.50%. Equities analysts expect that Safehold Inc will post 1.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.156 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.62 dividend on an annualized basis and a yield of 2.07%. This is a positive change from Safehold’s previous quarterly dividend of $0.15. Safehold’s dividend payout ratio is currently 96.88%.

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in Safehold by 46.3% during the fourth quarter. Barclays PLC now owns 5,193 shares of the company’s stock worth $97,000 after buying an additional 1,643 shares during the period. Ramsey Quantitative Systems lifted its holdings in shares of Safehold by 119.8% during the 4th quarter. Ramsey Quantitative Systems now owns 6,489 shares of the company’s stock valued at $122,000 after purchasing an additional 3,537 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Safehold during the 4th quarter valued at $218,000. Wiley BROS. Aintree Capital LLC purchased a new stake in shares of Safehold during the 4th quarter valued at $245,000. Finally, Strs Ohio lifted its holdings in shares of Safehold by 5.8% during the 4th quarter. Strs Ohio now owns 13,899 shares of the company’s stock valued at $261,000 after purchasing an additional 759 shares during the last quarter. Institutional investors own 34.19% of the company’s stock.

SAFE has been the topic of a number of analyst reports. ValuEngine cut Safehold from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research raised Safehold from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, March 26th.

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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