Safety Income & Growth Inc (SAFE) Major Shareholder Buys $159,313.00 in Stock

Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 7,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average cost of $20.69 per share, for a total transaction of $159,313.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, March 15th, Istar Inc. purchased 8,400 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.95 per share, for a total transaction of $167,580.00.
  • On Tuesday, March 12th, Istar Inc. purchased 7,225 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.42 per share, for a total transaction of $140,309.50.
  • On Thursday, March 7th, Istar Inc. purchased 7,941 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.38 per share, for a total transaction of $153,896.58.
  • On Monday, March 4th, Istar Inc. purchased 8,180 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.13 per share, for a total transaction of $156,483.40.
  • On Wednesday, February 27th, Istar Inc. purchased 7,489 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.42 per share, for a total transaction of $145,436.38.
  • On Thursday, February 21st, Istar Inc. purchased 7,509 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.35 per share, for a total transaction of $145,299.15.
  • On Monday, December 31st, Istar Inc. purchased 14,534 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.06 per share, for a total transaction of $277,018.04.
  • On Thursday, December 27th, Istar Inc. purchased 21,300 shares of Safety Income & Growth stock. The stock was bought at an average cost of $18.99 per share, for a total transaction of $404,487.00.
  • On Friday, December 21st, Istar Inc. purchased 17,100 shares of Safety Income & Growth stock. The stock was bought at an average cost of $19.36 per share, for a total transaction of $331,056.00.

SAFE traded down $0.08 during trading hours on Wednesday, hitting $20.61. The company’s stock had a trading volume of 30,100 shares, compared to its average volume of 31,417. Safety Income & Growth Inc has a fifty-two week low of $15.57 and a fifty-two week high of $21.19. The stock has a market cap of $378.13 million, a P/E ratio of 31.98 and a beta of 0.13.



Safety Income & Growth (NYSE:SAFE) last posted its earnings results on Thursday, February 14th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Safety Income & Growth had a net margin of 23.61% and a return on equity of 3.22%. The business had revenue of $14.81 million during the quarter, compared to analyst estimates of $12.74 million. As a group, equities analysts predict that Safety Income & Growth Inc will post 1.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 28th. Safety Income & Growth’s dividend payout ratio is currently 93.75%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new stake in Safety Income & Growth in the 3rd quarter valued at approximately $1,026,000. Wiley BROS. Aintree Capital LLC acquired a new stake in Safety Income & Growth in the 4th quarter valued at approximately $245,000. Pinnacle Associates Ltd. increased its position in Safety Income & Growth by 58.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 17,400 shares of the company’s stock valued at $326,000 after acquiring an additional 6,400 shares during the period. State of New Jersey Common Pension Fund D increased its position in Safety Income & Growth by 4.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 418,916 shares of the company’s stock valued at $7,880,000 after acquiring an additional 17,500 shares during the period. Finally, Ramsey Quantitative Systems increased its position in shares of Safety Income & Growth by 119.8% during the 4th quarter. Ramsey Quantitative Systems now owns 6,489 shares of the company’s stock valued at $122,000 after purchasing an additional 3,537 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Several analysts recently commented on the company. ValuEngine cut Safety Income & Growth from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Safety Income & Growth from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 16th. Finally, Barclays upgraded Safety Income & Growth from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $21.00 to $22.00 in a research report on Monday, February 4th.

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Safety Income & Growth Company Profile

Safety, Income & Growth Inc (NYSE:SAFE) is the first publicly traded company focused on ground leases. The Company seeks to provide real estate owners with better, lower cost capital through its modern ground lease structure, while delivering safe, growing income and long-term capital appreciation to its shareholders.

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Insider Buying and Selling by Quarter for Safety Income & Growth (NYSE:SAFE)

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