EntryPoint Capital LLC Makes New $282,000 Investment in Safehold Inc. (NYSE:SAFE)

EntryPoint Capital LLC acquired a new stake in Safehold Inc. (NYSE:SAFE) in the 4th quarter, Holdings Channel reports. The fund acquired 15,240 shares of the company’s stock, valued at approximately $282,000.

Other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Safehold during the 4th quarter valued at $169,000. American Century Companies Inc. lifted its holdings in shares of Safehold by 11.1% in the fourth quarter. American Century Companies Inc. now owns 1,515,743 shares of the company’s stock valued at $28,011,000 after buying an additional 150,976 shares during the period. Quantbot Technologies LP bought a new position in Safehold during the fourth quarter valued at about $304,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Safehold by 40.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,507 shares of the company’s stock worth $490,000 after acquiring an additional 7,638 shares during the period. Finally, Berkeley Capital Partners LLC raised its position in Safehold by 19.8% in the fourth quarter. Berkeley Capital Partners LLC now owns 65,297 shares of the company’s stock worth $1,207,000 after acquiring an additional 10,789 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Safehold Stock Up 1.1 %

Shares of NYSE:SAFE opened at $18.26 on Friday. Safehold Inc. has a 52 week low of $15.55 and a 52 week high of $28.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 36.59 and a current ratio of 36.59. The company has a market cap of $1.30 billion, a PE ratio of 12.34 and a beta of 1.75. The firm has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $20.42.

Safehold (NYSE:SAFE) last issued its earnings results on Wednesday, February 5th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Safehold had a return on equity of 4.76% and a net margin of 28.92%. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, research analysts expect that Safehold Inc. will post 1.58 earnings per share for the current year.

Safehold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.177 per share. The ex-dividend date is Monday, March 31st. This represents a $0.71 annualized dividend and a yield of 3.88%. Safehold’s dividend payout ratio (DPR) is presently 47.30%.

Wall Street Analysts Forecast Growth

SAFE has been the subject of several research reports. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of Safehold in a research report on Thursday, February 6th. Wedbush reissued a “neutral” rating and set a $19.00 target price (down from $20.00) on shares of Safehold in a research note on Friday, February 7th. Morgan Stanley cut Safehold from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $30.00 to $19.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group cut their price objective on Safehold from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.56.

Safehold 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.