Ladenburg Thalmann Financial Services Reaffirms Buy Rating for Safety Income & Growth Inc (SAFE)

Ladenburg Thalmann Financial Services reaffirmed their buy rating on shares of Safety Income & Growth Inc (NASDAQ:SAFE) in a research report released on Tuesday morning.

Several other research firms also recently weighed in on SAFE. J P Morgan Chase & Co assumed coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They issued a neutral rating and a $21.00 target price for the company. Barclays PLC assumed coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They issued an equal weight rating and a $21.00 target price for the company. Mizuho assumed coverage on shares of Safetyome & Growth in a report on Wednesday, August 30th. They issued a neutral rating and a $20.00 target price for the company. UBS Group AG (USA) assumed coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They issued a market perform rating for the company. Finally, Raymond James Financial, Inc. assumed coverage on shares of Safetyome & Growth in a report on Tuesday, July 18th. They issued a market perform rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $20.80.

Safetyome & Growth (NASDAQ SAFE) traded up $0.04 during trading on Tuesday, hitting $18.02. 48,310 shares of the stock traded hands.

Safetyome & Growth (NASDAQ:SAFE) last posted its earnings results on Thursday, October 26th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.16). Safetyome & Growth had a negative net margin of 31.66% and a negative return on equity of 4.24%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.86 million.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2017/11/03/ladenburg-thalmann-financial-services-reaffirms-buy-rating-for-safety-income-growth-inc-safe.html.

The firm also recently declared a special dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were paid a $0.15 dividend. The ex-dividend date was Friday, September 29th.

In other Safetyome & Growth news, major shareholder Istar Inc. purchased 55,771 shares of the company’s stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $19.33 per share, for a total transaction of $1,078,053.43. Following the completion of the purchase, the insider now directly owns 6,300,832 shares in the company, valued at approximately $121,795,082.56. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders acquired 987,324 shares of company stock valued at $19,109,039.

Several large investors have recently bought and sold shares of the business. State of New Jersey Common Pension Fund D grew its stake in shares of Safetyome & Growth by 2.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 360,000 shares of the company’s stock worth $6,710,000 after acquiring an additional 10,000 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Safetyome & Growth during the second quarter worth $196,000. Strs Ohio acquired a new position in shares of Safetyome & Growth during the third quarter worth $299,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Safetyome & Growth during the third quarter worth $396,000. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Safetyome & Growth during the second quarter worth $479,000.

Safetyome & Growth Company Profile

Analyst Recommendations for Safetyome & Growth (NASDAQ:SAFE)

What are top analysts saying about Safety Income & Growth Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Safety Income & Growth Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit