Istar Inc. Purchases 15,000 Shares of Safehold Inc (NYSE:SAFE) Stock

Safehold Inc (NYSE:SAFE) major shareholder Istar Inc. acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were purchased at an average cost of $31.19 per share, for a total transaction of $467,850.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, July 2nd, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $30.14 per share, for a total transaction of $452,100.00.
  • On Thursday, June 27th, Istar Inc. acquired 10,000 shares of Safehold stock. The shares were purchased at an average cost of $28.64 per share, for a total transaction of $286,400.00.
  • On Tuesday, June 25th, Istar Inc. acquired 9,186 shares of Safehold stock. The shares were purchased at an average cost of $28.75 per share, for a total transaction of $264,097.50.
  • On Friday, June 21st, Istar Inc. acquired 14,826 shares of Safehold stock. The shares were purchased at an average cost of $28.70 per share, for a total transaction of $425,506.20.
  • On Tuesday, June 18th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $29.11 per share, for a total transaction of $436,650.00.
  • On Thursday, June 13th, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $28.51 per share, for a total transaction of $427,650.00.
  • On Monday, June 10th, Istar Inc. acquired 11,185 shares of Safehold stock. The shares were purchased at an average cost of $29.50 per share, for a total transaction of $329,957.50.
  • On Wednesday, June 5th, Istar Inc. acquired 36,000 shares of Safehold stock. The shares were purchased at an average cost of $29.10 per share, for a total transaction of $1,047,600.00.
  • On Friday, May 31st, Istar Inc. acquired 15,000 shares of Safehold stock. The shares were purchased at an average cost of $27.95 per share, for a total transaction of $419,250.00.
  • On Tuesday, May 28th, Istar Inc. acquired 9,205 shares of Safehold stock. The shares were purchased at an average cost of $29.22 per share, for a total transaction of $268,970.10.

Shares of NYSE SAFE opened at $32.63 on Thursday. The company’s 50-day moving average is $29.41. The stock has a market cap of $567.80 million, a P/E ratio of 50.98 and a beta of 0.26. Safehold Inc has a 52-week low of $16.13 and a 52-week high of $33.22.



Safehold (NYSE:SAFE) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $20.81 million. Safehold had a net margin of 31.96% and a return on equity of 4.50%. Analysts forecast that Safehold Inc will post 1.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.156 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, June 27th. This is an increase from Safehold’s previous quarterly dividend of $0.15. Safehold’s dividend payout ratio (DPR) is presently 96.88%.

Several hedge funds and other institutional investors have recently made changes to their positions in SAFE. FMR LLC boosted its holdings in shares of Safehold by 7.7% during the 1st quarter. FMR LLC now owns 484,299 shares of the company’s stock valued at $10,563,000 after acquiring an additional 34,628 shares during the last quarter. Angeles Investment Advisors LLC bought a new position in shares of Safehold in the 1st quarter worth approximately $414,000. BlackRock Inc. lifted its stake in shares of Safehold by 3.0% in the 4th quarter. BlackRock Inc. now owns 467,310 shares of the company’s stock worth $8,789,000 after purchasing an additional 13,408 shares during the period. Rhumbline Advisers bought a new position in shares of Safehold in the 4th quarter worth approximately $218,000. Finally, Geode Capital Management LLC lifted its stake in shares of Safehold by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 88,180 shares of the company’s stock worth $1,658,000 after purchasing an additional 4,371 shares during the period. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on SAFE shares. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.

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

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