Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 87,450 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of $28.51 per share, for a total transaction of $2,493,199.50. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, September 6th, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average cost of $28.59 per share, for a total transaction of $643,275.00.
  • On Tuesday, September 3rd, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average cost of $29.03 per share, for a total transaction of $653,175.00.
  • On Wednesday, August 28th, Istar Inc. purchased 34,500 shares of Safehold stock. The stock was purchased at an average cost of $28.76 per share, for a total transaction of $992,220.00.
  • On Friday, August 23rd, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average cost of $28.70 per share, for a total transaction of $645,750.00.
  • On Tuesday, August 20th, Istar Inc. purchased 22,500 shares of Safehold stock. The stock was purchased at an average cost of $29.04 per share, for a total transaction of $653,400.00.
  • On Thursday, August 15th, Istar Inc. purchased 40,000 shares of Safehold stock. The stock was purchased at an average cost of $28.52 per share, for a total transaction of $1,140,800.00.
  • On Friday, August 2nd, Istar Inc. purchased 9,730 shares of Safehold stock. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $324,398.20.
  • On Wednesday, July 31st, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was purchased at an average cost of $33.42 per share, for a total transaction of $501,300.00.
  • On Friday, July 26th, Istar Inc. purchased 10,000 shares of Safehold stock. The stock was purchased at an average cost of $33.35 per share, for a total transaction of $333,500.00.
  • On Wednesday, July 24th, Istar Inc. purchased 15,000 shares of Safehold stock. The stock was purchased at an average cost of $33.05 per share, for a total transaction of $495,750.00.

Shares of Safehold stock opened at $29.94 on Thursday. The company’s fifty day simple moving average is $29.60 and its 200-day simple moving average is $27.21. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 46.78 and a beta of 0.35. Safehold Inc has a 1 year low of $16.35 and a 1 year high of $34.14.

Safehold (NYSE:SAFE) last announced its quarterly earnings data 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). The company had revenue of $19.68 million during the quarter, compared to analyst estimates of $19.77 million. Safehold had a return on equity of 4.57% and a net margin of 32.29%. On average, analysts anticipate that Safehold Inc will post 1.16 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in SAFE. Angeles Investment Advisors LLC acquired a new stake in shares of Safehold in the first quarter worth $414,000. Pinnacle Associates Ltd. raised its holdings in shares of Safehold by 10.5% in the first quarter. Pinnacle Associates Ltd. now owns 18,225 shares of the company’s stock valued at $397,000 after buying an additional 1,725 shares during the last quarter. FMR LLC raised its holdings in shares of Safehold by 7.7% in the first quarter. FMR LLC now owns 484,299 shares of the company’s stock valued at $10,563,000 after buying an additional 34,628 shares during the last quarter. Nisa Investment Advisors LLC raised 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 buying an additional 711 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Safehold in the second quarter valued at about $184,000. Institutional investors and hedge funds own 18.52% of the company’s stock.

A number of equities analysts have recently commented on SAFE shares. ValuEngine lowered shares of Safehold from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet raised shares of Safehold from a “c” rating to a “b-” rating in a research report on Wednesday, August 7th. Barclays raised their price objective on shares of Safehold from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Sunday, August 18th. Finally, Zacks Investment Research upgraded shares of Safehold from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research note on Saturday, August 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.83.

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 can cause a stock to outperform?

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

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