Cavalier Investments LLC purchased a new position in shares of Safehold Inc (NYSE:SAFE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $443,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Safehold in the third quarter valued at about $33,000. US Bancorp DE acquired a new stake in shares of Safehold in the fourth quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new stake in shares of Safehold in the fourth quarter valued at approximately $100,000. Daiwa Securities Group Inc. grew its position in shares of Safehold by 100.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,600 shares of the company’s stock valued at $105,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Safehold by 40.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,745 shares of the company’s stock valued at $111,000 after purchasing an additional 795 shares during the last quarter. 20.48% of the stock is owned by hedge funds and other institutional investors.
Safehold stock opened at $52.63 on Friday. Safehold Inc has a 12-month low of $18.56 and a 12-month high of $56.23. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 56.59 and a beta of 0.42. The firm’s fifty day moving average price is $43.82 and its 200 day moving average price is $36.19.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.156 per share. This represents a $0.62 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, January 2nd. Safehold’s dividend payout ratio is currently 96.88%.
A number of analysts recently issued reports on SAFE shares. ValuEngine upgraded shares of Safehold from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Zacks Investment Research lowered shares of Safehold from a “hold” rating to a “sell” rating in a report on Tuesday, December 31st.
In other Safehold news, CEO Jay Sugarman purchased 2,700 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $39.00 per share, with a total value of $105,300.00. Following the acquisition, the chief executive officer now owns 34,464 shares of the company’s stock, valued at approximately $1,344,096. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Istar Inc. purchased 14,900 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $42.51 per share, with a total value of $633,399.00. Following the completion of the acquisition, the insider now directly owns 31,211,502 shares in the company, valued at approximately $1,326,800,950.02. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 229,950 shares of company stock valued at $10,886,922. 1.47% of the stock is owned by company insiders.
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.
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