Oregon Public Employees Retirement Fund Cuts Stock Holdings in Safehold Inc. (NYSE:SAFE)

Oregon Public Employees Retirement Fund lessened its holdings in Safehold Inc. (NYSE:SAFEGet Rating) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the company’s stock after selling 404 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Safehold were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Daiwa Securities Group Inc. grew its holdings in Safehold by 4.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,473 shares of the company’s stock valued at $250,000 after purchasing an additional 145 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Safehold by 2.8% during the 3rd quarter. Voya Investment Management LLC now owns 7,613 shares of the company’s stock worth $547,000 after purchasing an additional 204 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Safehold by 6.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the company’s stock worth $543,000 after purchasing an additional 400 shares during the last quarter. Royal Bank of Canada raised its position in shares of Safehold by 6.9% during the 3rd quarter. Royal Bank of Canada now owns 7,731 shares of the company’s stock worth $556,000 after purchasing an additional 502 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Safehold by 8.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,758 shares of the company’s stock valued at $702,000 after buying an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 25.61% of the company’s stock.

Shares of SAFE stock opened at $46.76 on Friday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 34.38 and a beta of -0.13. Safehold Inc. has a one year low of $45.46 and a one year high of $95.29. The company has a 50 day moving average price of $55.92 and a 200 day moving average price of $65.72.

Safehold (NYSE:SAFEGet Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Safehold had a return on equity of 4.73% and a net margin of 39.10%. The business had revenue of $60.40 million during the quarter, compared to the consensus estimate of $59.38 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 38.9% on a year-over-year basis. Sell-side analysts anticipate that Safehold Inc. will post 1.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, March 30th. Safehold’s payout ratio is currently 50.00%.

In other Safehold news, major shareholder Istar Inc. bought 8,403 shares of the company’s stock in a transaction that occurred on Monday, January 24th. The stock was purchased at an average price of $59.49 per share, with a total value of $499,894.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have bought a total of 3,275,013 shares of company stock valued at $193,251,461 in the last quarter. Company insiders own 1.34% of the company’s stock.

SAFE has been the topic of several recent research reports. Mizuho downgraded Safehold from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $96.00 to $75.00 in a research report on Thursday, January 20th. Zacks Investment Research cut shares of Safehold from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley reduced their price objective on shares of Safehold from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 15th. Finally, TheStreet cut shares of Safehold from a “b-” rating to a “c+” rating in a research note on Monday, April 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.41.

Safehold Profile (Get Rating)

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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Institutional Ownership by Quarter for Safehold (NYSE:SAFE)

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