Safehold Inc (NYSE:SAFE) Major Shareholder Acquires $467,850.00 in Stock

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Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 15,000 shares of Safehold stock in a transaction dated Monday, July 8th. The stock was bought at an average price of $31.19 per share, with a total value of $467,850.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, July 11th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $32.31 per share, with a total value of $484,650.00.
  • On Tuesday, July 2nd, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $30.14 per share, with a total value of $452,100.00.
  • On Thursday, June 27th, Istar Inc. bought 10,000 shares of Safehold stock. The shares were acquired at an average price 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 acquired at an average price of $28.75 per share, with a total value of $264,097.50.
  • On Friday, June 21st, Istar Inc. bought 14,826 shares of Safehold stock. The shares were acquired at an average price of $28.70 per share, with a total value of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $29.11 per share, with a total value of $436,650.00.
  • On Thursday, June 13th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $28.51 per share, with a total value of $427,650.00.
  • On Monday, June 10th, Istar Inc. bought 11,185 shares of Safehold stock. The shares were acquired at an average price of $29.50 per share, with a total value of $329,957.50.
  • On Wednesday, June 5th, Istar Inc. bought 36,000 shares of Safehold stock. The shares were acquired at an average price of $29.10 per share, with a total value of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. bought 15,000 shares of Safehold stock. The shares were acquired at an average price of $27.95 per share, with a total value of $419,250.00.

Shares of SAFE opened at $32.22 on Friday. Safehold Inc has a 12 month low of $16.13 and a 12 month high of $33.22. The stock’s fifty day simple moving average is $29.47. The firm has a market capitalization of $597.85 million, a PE ratio of 50.34 and a beta of 0.26.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.156 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.62 dividend on an annualized basis and a yield of 1.94%. This is a boost from Safehold’s previous quarterly dividend of $0.15. Safehold’s dividend payout ratio (DPR) is currently 96.88%.

SAFE has been the subject of several recent research reports. ValuEngine cut shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

A number of hedge funds have recently made changes to their positions in SAFE. Barclays PLC lifted its stake in Safehold by 46.3% in 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 last quarter. Rhumbline Advisers acquired a new stake in Safehold in the fourth quarter valued at $218,000. Pinnacle Associates Ltd. lifted its stake in Safehold by 10.5% in 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 last quarter. Angeles Investment Advisors LLC acquired a new stake in Safehold in the first quarter valued at $414,000. Finally, Bank of New York Mellon Corp lifted its stake in Safehold by 1.4% in the fourth quarter. Bank of New York Mellon Corp now owns 72,012 shares of the company’s stock valued at $1,355,000 after acquiring an additional 1,004 shares during the last quarter. Hedge funds and other institutional investors own 34.19% of the company’s stock.

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.

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

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