Infrastructure Capital Advisors LLC Makes New Investment in Safehold Inc. (NYSE:SAFE)

Infrastructure Capital Advisors LLC purchased a new position in shares of Safehold Inc. (NYSE:SAFE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,073 shares of the company’s stock, valued at approximately $1,471,000. Infrastructure Capital Advisors LLC owned approximately 0.08% of Safehold as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SAFE. HGI Capital Management LLC increased its stake in shares of Safehold by 74.5% in the third quarter. HGI Capital Management LLC now owns 212,887 shares of the company’s stock worth $5,584,000 after buying an additional 90,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Safehold by 266.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock worth $9,171,000 after buying an additional 254,227 shares during the period. FMR LLC increased its stake in shares of Safehold by 24.9% in the third quarter. FMR LLC now owns 5,840 shares of the company’s stock worth $153,000 after buying an additional 1,163 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Safehold by 5.8% in the third quarter. Daiwa Securities Group Inc. now owns 14,893 shares of the company’s stock worth $391,000 after buying an additional 823 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Safehold by 6.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 687,718 shares of the company’s stock worth $18,039,000 after buying an additional 39,320 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SAFE. Wedbush reaffirmed a “neutral” rating and issued a $23.00 target price (down from $25.00) on shares of Safehold in a research note on Monday, November 4th. Mizuho lifted their price target on shares of Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of Safehold in a report on Tuesday, October 29th. Truist Financial lifted their price target on shares of Safehold from $21.00 to $22.00 and gave the company a “hold” rating in a report on Monday, August 5th. Finally, Raymond James upgraded shares of Safehold from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a report on Thursday, September 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.22.

Safehold Stock Performance

Shares of SAFE stock opened at $21.32 on Friday. Safehold Inc. has a 12 month low of $17.91 and a 12 month high of $28.80. The stock has a market cap of $1.52 billion, a PE ratio of 12.54 and a beta of 1.68. The company has a current ratio of 37.83, a quick ratio of 37.83 and a debt-to-equity ratio of 1.85. The company’s fifty day moving average price is $23.23 and its 200-day moving average price is $22.21.

Safehold (NYSE:SAFE) last announced its earnings results on Monday, October 28th. The company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. Safehold had a net margin of 32.08% and a return on equity of 4.79%. The firm had revenue of $90.70 million for the quarter, compared to analysts’ expectations of $89.45 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that Safehold Inc. will post 1.56 EPS for the current fiscal year.

Safehold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.177 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Monday, September 30th. Safehold’s payout ratio is 41.76%.

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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.