Istar Inc. Acquires 15,000 Shares of Safehold Inc (NYSE:SAFE) Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $32.15 per share, with a total value of $482,250.00. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Tuesday, July 16th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $32.41 per share, with a total value of $486,150.00.
  • On Thursday, July 11th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $32.31 per share, with a total value of $484,650.00.
  • On Monday, July 8th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $31.19 per share, with a total value of $467,850.00.
  • On Tuesday, July 2nd, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $30.14 per share, with a total value of $452,100.00.
  • On Thursday, June 27th, Istar Inc. acquired 10,000 shares of Safehold stock. The shares were bought at an average price of $28.64 per share, with a total value of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. acquired 9,186 shares of Safehold stock. The shares were bought at an average price of $28.75 per share, with a total value of $264,097.50.
  • On Friday, June 21st, Istar Inc. acquired 14,826 shares of Safehold stock. The shares were bought at an average price of $28.70 per share, with a total value of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $29.11 per share, with a total value of $436,650.00.
  • On Thursday, June 13th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were bought at an average price of $28.51 per share, with a total value of $427,650.00.
  • On Monday, June 10th, Istar Inc. acquired 11,185 shares of Safehold stock. The shares were bought at an average price of $29.50 per share, with a total value of $329,957.50.

SAFE traded up $1.24 during midday trading on Friday, hitting $32.98. The company’s stock had a trading volume of 327,540 shares, compared to its average volume of 47,974. The firm has a market capitalization of $579.34 million, a price-to-earnings ratio of 51.53 and a beta of 0.26. The firm has a 50-day simple moving average of $29.90. Safehold Inc has a 52-week low of $16.13 and a 52-week high of $33.81.

Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business 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%. On average, sell-side analysts expect that Safehold Inc will post 1.44 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its holdings in shares of Safehold by 83.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock worth $47,000 after purchasing an additional 711 shares during the period. Barclays PLC grew its holdings in shares of Safehold by 46.3% during the 4th quarter. Barclays PLC now owns 5,193 shares of the company’s stock worth $97,000 after purchasing an additional 1,643 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Safehold during the 2nd quarter worth about $184,000. Rhumbline Advisers purchased a new stake in shares of Safehold during the 4th quarter worth about $218,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Safehold by 10.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 18,225 shares of the company’s stock worth $397,000 after purchasing an additional 1,725 shares during the period. Institutional investors own 34.19% of the company’s stock.

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

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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

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