Safety (NYSE:SAFE) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.78.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Safety from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Mizuho set a $18.00 target price on shares of Safety and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, Ladenburg Thalmann restated a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of Safety in a research report on Tuesday, February 20th. They noted that the move was a valuation call.
SAFE traded up $0.11 on Thursday, hitting $17.54. 11,457 shares of the company’s stock were exchanged, compared to its average volume of 89,813. Safety has a twelve month low of $15.57 and a twelve month high of $20.00.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.42%. The ex-dividend date was Wednesday, March 28th.
In related news, major shareholder Istar Inc. acquired 59,281 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $17.87 per share, for a total transaction of $1,059,351.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Geoffrey G. Jervis acquired 33,850 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $16.25 per share, with a total value of $550,062.50. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 158,184 shares of company stock valued at $2,768,008. 1.21% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. American International Group Inc. bought a new position in shares of Safety in the fourth quarter valued at approximately $123,000. Macquarie Group Ltd. boosted its holdings in shares of Safety by 4.9% in the fourth quarter. Macquarie Group Ltd. now owns 153,000 shares of the company’s stock valued at $2,693,000 after acquiring an additional 7,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Safety by 67.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,200 shares of the company’s stock valued at $338,000 after acquiring an additional 7,700 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Safety during the third quarter worth approximately $170,000. Finally, V3 Capital Management L.P. boosted its holdings in Safety by 2.4% during the fourth quarter. V3 Capital Management L.P. now owns 489,850 shares of the company’s stock worth $8,621,000 after buying an additional 11,300 shares in the last quarter. Institutional investors and hedge funds own 41.44% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Safety (SAFE) Given Consensus Rating of “Hold” by Brokerages” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2018/04/24/safety-safe-given-consensus-rating-of-hold-by-brokerages.html.
Safety Company Profile
Safety, Income & Growth Inc (NYSE:SAFE) is the first publicly traded company that focuses on acquiring, owning, managing and capitalizing ground leases. The Company seeks to provide safe, growing income and capital appreciation to shareholders by building a diversified portfolio of high quality ground leases.
Receive News & Ratings for Safety Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safety and related companies with MarketBeat.com's FREE daily email newsletter.