Stock analysts at Ladenburg Thalmann Financial Services initiated coverage on shares of Safety Income & Growth Inc (NASDAQ:SAFE) in a research report issued on Friday, July 14th, Marketbeat reports. The brokerage set a “buy” rating and a $22.00 price target on the stock. Ladenburg Thalmann Financial Services’ target price points to a potential upside of 20.55% from the stock’s previous close.
Safetyome & Growth (NASDAQ:SAFE) traded down 0.33% during mid-day trading on Friday, hitting $18.25. The stock had a trading volume of 165,443 shares. The company has a 50-day moving average price of $19.34 and a 200 day moving average price of $19.34. Safetyome & Growth has a 1-year low of $18.02 and a 1-year high of $20.00.
In other news, CFO Geoffrey G. Jervis purchased 28,420 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was bought at an average price of $20.00 per share, with a total value of $568,400.00. Following the acquisition, the chief financial officer now directly owns 28,420 shares of the company’s stock, valued at $568,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nina Matis purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average cost of $20.00 per share, with a total value of $400,000.00. Following the acquisition, the insider now directly owns 20,000 shares in the company, valued at $400,000. The disclosure for this purchase can be found here. Insiders bought a total of 2,380,155 shares of company stock valued at $47,587,595 in the last three months.
A hedge fund recently bought a new stake in Safetyome & Growth stock. State of New Jersey Common Pension Fund D acquired a new stake in shares of Safety Income & Growth Inc (NASDAQ:SAFE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 350,000 shares of the company’s stock, valued at approximately $6,703,000.
About Safetyome & Growth
Receive News & Ratings for Safety Income & Growth Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety Income & Growth Inc and related companies with MarketBeat.com's FREE daily email newsletter.
