Safehold Inc (NYSE:SAFE) Short Interest Up 55.5% in June

Safehold Inc (NYSE:SAFE) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 517,300 shares, a growth of 55.5% from the May 15th total of 332,600 shares. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is presently 10.0 days. Approximately 7.1% of the company’s shares are short sold.

Shares of Safehold stock traded up $1.24 on Friday, reaching $32.98. 328,003 shares of the company were exchanged, compared to its average volume of 62,419. Safehold has a one year low of $16.13 and a one year high of $33.81. The firm has a market cap of $581.54 million, a P/E ratio of 51.53 and a beta of 0.26. The firm’s 50-day moving average is $30.01.

Safehold (NYSE:SAFE) last announced its quarterly earnings data 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). Safehold had a return on equity of 4.50% and a net margin of 31.96%. The company had revenue of $21.80 million for the quarter, compared to the consensus estimate of $20.81 million. On average, sell-side analysts predict that Safehold will post 1.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.156 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from Safehold’s previous quarterly dividend of $0.15. Safehold’s dividend payout ratio is 96.88%.

In other Safehold news, major shareholder Istar Inc. acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was acquired at an average cost of $32.41 per share, for a total transaction of $486,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 276,451 shares of company stock valued at $8,015,202 over the last 90 days. Corporate insiders own 1.47% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SAFE. Vanguard Group Inc. raised its stake in Safehold by 13.6% in the 3rd quarter. Vanguard Group Inc. now owns 489,102 shares of the company’s stock valued at $9,161,000 after acquiring an additional 58,531 shares during the period. FMR LLC increased its position in Safehold by 7.7% during the 1st 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 period. Angeles Investment Advisors LLC bought a new position in Safehold during the 1st quarter worth $414,000. BlackRock Inc. increased its position in Safehold by 3.0% during the 4th quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock worth $8,789,000 after buying an additional 13,408 shares during the period. Finally, Rhumbline Advisers bought a new position in Safehold during the 4th quarter worth $218,000. Institutional investors and hedge funds own 34.19% of the company’s stock.

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

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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