Angeles Wealth Management LLC Decreases Position in Safehold Inc. (NYSE:SAFE)

Angeles Wealth Management LLC decreased its position in shares of Safehold Inc. (NYSE:SAFE) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,252 shares of the company’s stock after selling 2,565 shares during the quarter. Angeles Wealth Management LLC owned 0.07% of Safehold worth $947,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Safehold by 266.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 349,631 shares of the company’s stock valued at $9,171,000 after purchasing an additional 254,227 shares during the last quarter. Heitman Real Estate Securities LLC bought a new position in Safehold during the third quarter valued at approximately $3,683,000. JPMorgan Chase & Co. boosted its holdings in Safehold by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 662,179 shares of the company’s stock worth $17,369,000 after purchasing an additional 91,965 shares during the last quarter. HGI Capital Management LLC grew its position in Safehold by 74.5% in the 3rd quarter. HGI Capital Management LLC now owns 212,887 shares of the company’s stock worth $5,584,000 after purchasing an additional 90,866 shares during the period. Finally, Barclays PLC grew its position in Safehold by 317.9% in the 3rd quarter. Barclays PLC now owns 85,932 shares of the company’s stock worth $2,254,000 after purchasing an additional 65,370 shares during the period. Institutional investors own 70.38% of the company’s stock.

Safehold Stock Performance

SAFE opened at $17.29 on Monday. The company has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $21.75. The company has a debt-to-equity ratio of 1.82, a current ratio of 37.37 and a quick ratio of 37.83. The firm has a market cap of $1.24 billion, a P/E ratio of 11.69 and a beta of 1.66. Safehold Inc. has a 1-year low of $15.55 and a 1-year high of $28.80.

Safehold (NYSE:SAFE) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period last year, the firm posted $0.36 earnings per share. Equities analysts forecast that Safehold Inc. will post 1.59 earnings per share for the current fiscal year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were paid a dividend of $0.177 per share. This represents a $0.71 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Monday, December 30th. Safehold’s dividend payout ratio (DPR) is presently 47.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Safehold from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Mizuho boosted their price target on Safehold from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of Safehold from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of Safehold in a research report on Thursday. Finally, Wedbush reiterated a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of Safehold in a research report on Friday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.56.

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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.