$6.25 Million in Sales Expected for Safety Income & Growth Inc (SAFE) This Quarter

Equities analysts expect Safety Income & Growth Inc (NASDAQ:SAFE) to post sales of $6.25 million for the current quarter, according to Zacks. Two analysts have issued estimates for Safetyome & Growth’s earnings, with the lowest sales estimate coming in at $4.59 million and the highest estimate coming in at $7.90 million. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Safetyome & Growth will report full-year sales of $6.25 million for the current year, with estimates ranging from $23.80 million to $27.60 million. For the next fiscal year, analysts forecast that the firm will post sales of $54.20 million per share, with estimates ranging from $53.10 million to $55.29 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Safetyome & Growth.

Several equities analysts recently weighed in on SAFE shares. Ladenburg Thalmann Financial Services started coverage on Safetyome & Growth in a research report on Friday, July 14th. They set a “buy” rating and a $22.00 target price on the stock. Barclays PLC started coverage on Safetyome & Growth in a research report on Monday, July 17th. They set an “equal weight” rating and a $21.00 target price on the stock. J P Morgan Chase & Co started coverage on Safetyome & Growth in a research report on Monday, July 17th. They set a “neutral” rating and a $21.00 target price on the stock. Bank of America Corp reiterated a “neutral” rating and set a $20.00 target price on shares of Safetyome & Growth in a research report on Monday, July 17th. Finally, UBS AG started coverage on Safetyome & Growth in a research report on Monday, July 17th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of Safetyome & Growth (SAFE) opened at 18.48 on Wednesday. Safetyome & Growth has a 1-year low of $18.02 and a 1-year high of $20.00. The company’s 50 day moving average price is $19.27 and its 200-day moving average price is $19.27.

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In other Safetyome & Growth news, CFO Geoffrey G. Jervis acquired 28,420 shares of the stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $568,400.00. Following the completion of the transaction, the chief financial officer now directly owns 28,420 shares of the company’s stock, valued at $568,400. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Jay Sugarman acquired 50,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was acquired at an average price of $20.00 per share, for a total transaction of $1,000,000.00. The disclosure for this purchase can be found here. Insiders bought 2,479,156 shares of company stock worth $49,423,853 over the last 90 days.

A hedge fund recently bought a new stake in Safetyome & Growth stock. State of New Jersey Common Pension Fund D acquired a new stake in shares of Safety Income & Growth Inc (NASDAQ:SAFE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 350,000 shares of the company’s stock, valued at approximately $6,703,000.

About Safetyome & Growth

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