Insider Buying: Safehold Inc (NYSE:SAFE) Major Shareholder Buys $653,400.00 in Stock

Share on StockTwits

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 22,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $29.04 per share, with a total value of $653,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Thursday, August 15th, Istar Inc. bought 40,000 shares of Safehold stock. The stock was acquired at an average price of $28.52 per share, with a total value of $1,140,800.00.
  • On Friday, August 2nd, Istar Inc. bought 9,730 shares of Safehold stock. The stock was acquired 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 acquired at an average price of $33.42 per share, with a total value of $501,300.00.
  • On Friday, July 26th, Istar Inc. bought 10,000 shares of Safehold stock. The stock was acquired at an average price of $33.35 per share, with a total value of $333,500.00.
  • On Wednesday, July 24th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $33.05 per share, with a total value of $495,750.00.
  • On Friday, July 19th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $32.15 per share, with a total value of $482,250.00.
  • On Tuesday, July 16th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $32.41 per share, with a total value of $486,150.00.
  • On Thursday, July 11th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $32.31 per share, with a total value of $484,650.00.
  • On Monday, July 8th, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $31.19 per share, with a total value of $467,850.00.
  • On Tuesday, July 2nd, Istar Inc. bought 15,000 shares of Safehold stock. The stock was acquired at an average price of $30.14 per share, with a total value of $452,100.00.

NYSE SAFE opened at $28.70 on Friday. The company has a market cap of $997.16 million, a price-to-earnings ratio of 44.84 and a beta of 0.26. Safehold Inc has a 52 week low of $16.13 and a 52 week high of $34.14. The business has a 50 day moving average price of $31.49 and a 200-day moving average price of $25.91.

Safehold (NYSE:SAFE) last released its quarterly earnings data on Friday, July 26th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.12). The firm had revenue of $19.68 million for the quarter, compared to the consensus estimate of $19.77 million. Safehold had a net margin of 32.29% and a return on equity of 4.57%. On average, equities analysts expect that Safehold Inc will post 1.14 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA purchased a new position in shares of Safehold during the second quarter valued at approximately $36,000. Nisa Investment Advisors LLC boosted its position in shares of Safehold by 83.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock valued at $47,000 after buying an additional 711 shares during the last quarter. Optimum Investment Advisors purchased a new position in shares of Safehold during the second quarter valued at approximately $103,000. Bessemer Group Inc. purchased a new position in shares of Safehold during the second quarter valued at approximately $184,000. Finally, Acadian Asset Management LLC boosted its position in shares of Safehold by 49.4% during the second quarter. Acadian Asset Management LLC now owns 7,446 shares of the company’s stock valued at $225,000 after buying an additional 2,462 shares during the last quarter. Hedge funds and other institutional investors own 17.54% of the company’s stock.

SAFE has been the subject of several recent research reports. TheStreet upgraded Safehold from a “c” rating to a “b-” rating in a report on Wednesday, August 7th. Barclays boosted their price objective on Safehold from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Sunday, August 18th. Zacks Investment Research upgraded Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a report on Saturday, August 10th. Finally, ValuEngine downgraded Safehold from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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.

Recommended Story: Operating Income

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

Receive News & Ratings for Safehold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safehold and related companies with MarketBeat.com's FREE daily email newsletter.