Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. bought 40,000 shares of the stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $28.52 per share, for a total transaction of $1,140,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 Friday, August 2nd, Istar Inc. bought 9,730 shares of Safehold stock. The shares were bought at an average price of $33.34 per share, for a total transaction of $324,398.20.
  • On Wednesday, July 31st, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $33.42 per share, for a total transaction of $501,300.00.
  • On Friday, July 26th, Istar Inc. bought 10,000 shares of Safehold stock. The shares were bought at an average price of $33.35 per share, for a total transaction of $333,500.00.
  • On Wednesday, July 24th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $33.05 per share, for a total transaction of $495,750.00.
  • On Friday, July 19th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $32.15 per share, for a total transaction of $482,250.00.
  • On Tuesday, July 16th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $32.41 per share, for a total transaction of $486,150.00.
  • On Thursday, July 11th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $32.31 per share, for a total transaction of $484,650.00.
  • On Monday, July 8th, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $31.19 per share, for a total transaction of $467,850.00.
  • On Tuesday, July 2nd, Istar Inc. bought 15,000 shares of Safehold stock. The shares were bought at an average price of $30.14 per share, for a total transaction of $452,100.00.
  • On Thursday, June 27th, Istar Inc. bought 10,000 shares of Safehold stock. The shares were bought at an average price of $28.64 per share, for a total transaction of $286,400.00.

Shares of NYSE SAFE traded up $0.03 on Thursday, hitting $28.53. The company’s stock had a trading volume of 145,201 shares, compared to its average volume of 68,273. Safehold Inc has a 12-month low of $16.13 and a 12-month high of $34.14. The company has a market capitalization of $909.99 million, a price-to-earnings ratio of 44.58 and a beta of 0.26. The stock has a 50 day moving average of $31.65 and a 200-day moving average of $25.67.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.12). Safehold had a net margin of 32.29% and a return on equity of 4.57%. The business had revenue of $19.68 million during the quarter, compared to analysts’ expectations of $19.77 million. On average, sell-side analysts forecast that Safehold Inc will post 1.14 earnings per share for the current fiscal year.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Saturday, August 10th. TheStreet raised shares of Safehold from a “c” rating to a “b-” rating in a report on Wednesday, August 7th. Barclays downgraded shares of Safehold from an “overweight” rating to an “underweight” rating and upped their price target for the company from $23.00 to $25.00 in a report on Tuesday, July 30th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Safehold from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.50.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA purchased a new stake in shares of Safehold in the second quarter valued at about $36,000. Nisa Investment Advisors LLC lifted its holdings in shares of Safehold by 83.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,561 shares of the company’s stock valued at $47,000 after purchasing an additional 711 shares in 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 lifted its stake 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 period. 19.74% of the stock is currently owned by institutional investors.

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 does a hold rating mean?

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

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