Jay Sugarman Buys 400 Shares of Safehold Inc (NYSE:SAFE) Stock

Safehold Inc (NYSE:SAFE) CEO Jay Sugarman purchased 400 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $36.46 per share, with a total value of $14,584.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,164 shares in the company, valued at $1,136,239.44. The purchase was disclosed in a filing with the SEC, which is available through this link.

Jay Sugarman also recently made the following trade(s):

  • On Wednesday, November 13th, Jay Sugarman purchased 300 shares of Safehold stock. The shares were purchased at an average price of $35.10 per share, with a total value of $10,530.00.
  • On Monday, November 11th, Jay Sugarman purchased 200 shares of Safehold stock. The shares were purchased at an average price of $34.08 per share, with a total value of $6,816.00.

NYSE SAFE traded down $0.85 during trading on Friday, hitting $35.43. The company had a trading volume of 160,438 shares, compared to its average volume of 153,486. Safehold Inc has a one year low of $16.53 and a one year high of $36.31. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 55.36 and a beta of 0.38. The company’s fifty day moving average is $33.49 and its 200-day moving average is $30.47.

Safehold (NYSE:SAFE) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Safehold had a net margin of 32.27% and a return on equity of 4.70%. The business had revenue of $22.31 million during the quarter, compared to analyst estimates of $21.74 million. As a group, equities research analysts expect that Safehold Inc will post 1.04 EPS for the current fiscal year.

SAFE has been the subject of a number of recent analyst reports. Peel Hunt reiterated a “hold” rating on shares of Safehold in a report on Tuesday, October 22nd. ValuEngine lowered shares of Safehold from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Safehold from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. TheStreet upgraded shares of Safehold from a “c” rating to a “b-” rating in a report on Wednesday, August 7th. Finally, Barclays restated a “sell” rating and issued a $29.00 price objective on shares of Safehold in a report on Sunday, October 13th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of “Sell” and an average price target of $26.83.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in Safehold in the 3rd quarter worth $33,000. Russell Investments Group Ltd. bought a new position in shares of Safehold in the 3rd quarter worth about $492,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Safehold by 40.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,653 shares of the company’s stock worth $416,000 after acquiring an additional 3,954 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Safehold by 29.1% in the 3rd quarter. Rhumbline Advisers now owns 15,162 shares of the company’s stock worth $462,000 after acquiring an additional 3,420 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Safehold by 33.3% in the 3rd quarter. Strs Ohio now owns 15,185 shares of the company’s stock worth $463,000 after acquiring an additional 3,796 shares in the last quarter. Institutional investors and hedge funds own 14.93% of the company’s stock.

About Safehold

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.

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

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