Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. acquired 79,772 shares of Safetyome & Growth stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $18.99 per share, for a total transaction of $1,514,870.28. Following the purchase, the insider now owns 5,531,957 shares in the company, valued at $105,051,863.43. The transaction was disclosed in a legal filing with the SEC, which is available through 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 Wednesday, August 9th, Istar Inc. acquired 119,658 shares of Safetyome & Growth stock. The stock was purchased at an average cost of $18.96 per share, for a total transaction of $2,268,715.68.
  • On Friday, August 4th, Istar Inc. acquired 76,136 shares of Safetyome & Growth stock. The stock was purchased at an average cost of $18.85 per share, for a total transaction of $1,435,163.60.
  • On Wednesday, August 2nd, Istar Inc. acquired 114,292 shares of Safetyome & Growth stock. The stock was purchased at an average cost of $18.49 per share, for a total transaction of $2,113,259.08.
  • On Friday, July 28th, Istar Inc. acquired 97,499 shares of Safetyome & Growth stock. The stock was purchased at an average cost of $18.55 per share, for a total transaction of $1,808,606.45.
  • On Tuesday, July 25th, Istar Inc. acquired 19,600 shares of Safetyome & Growth stock. The stock was purchased at an average cost of $19.25 per share, for a total transaction of $377,300.00.
  • On Tuesday, June 27th, Istar Inc. acquired 2,250,000 shares of Safetyome & Growth stock. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $45,000,000.00.

Safety Income & Growth Inc (NASDAQ SAFE) traded down 0.37% during mid-day trading on Friday, reaching $18.83. The company’s stock had a trading volume of 126,111 shares. The company has a market cap of $342.52 million and a PE ratio of 112.75. Safety Income & Growth Inc has a 12-month low of $18.02 and a 12-month high of $20.00. The firm’s 50 day moving average is $19.13 and its 200-day moving average is $19.13.

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A number of analysts have issued reports on SAFE shares. Bank of America Corporation reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Safetyome & Growth in a research note on Monday, July 17th. J P Morgan Chase & Co started coverage on Safetyome & Growth in a research note on Monday, July 17th. They issued a “neutral” rating and a $21.00 price objective on the stock. Barclays PLC started coverage on Safetyome & Growth in a research note on Monday, July 17th. They issued an “equal weight” rating and a $21.00 price objective on the stock. Ladenburg Thalmann Financial Services started coverage on Safetyome & Growth in a research note on Friday, July 14th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Raymond James Financial, Inc. started coverage on Safetyome & Growth in a research note on Tuesday, July 18th. They issued a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $21.00.

Several institutional investors have recently added to or reduced their stakes in SAFE. FMR LLC purchased a new position in Safetyome & Growth during the second quarter valued at $41,620,000. V3 Capital Management L.P. purchased a new position in Safetyome & Growth during the second quarter valued at $8,139,000. State of New Jersey Common Pension Fund D purchased a new position in Safetyome & Growth during the second quarter valued at $6,703,000. Vanguard Group Inc. purchased a new position in Safetyome & Growth during the second quarter valued at $4,787,000. Finally, Forward Management LLC purchased a new position in Safetyome & Growth during the second quarter valued at $4,213,000.

About Safetyome & Growth

Insider Buying and Selling by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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