Safety (NYSE:SAFE) Chairman Jay Sugarman bought 5,735 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The stock was acquired at an average price of $17.86 per share, for a total transaction of $102,427.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Jay Sugarman also recently made the following trade(s):
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On Friday, May 4th, Jay Sugarman bought 5,680 shares of Safety stock. The stock was acquired at an average price of $17.55 per share, for a total transaction of $99,684.00.
NYSE:SAFE traded up $0.04 during trading hours on Tuesday, reaching $17.90. The company’s stock had a trading volume of 141,614 shares, compared to its average volume of 89,999. Safety has a 1 year low of $15.57 and a 1 year high of $20.00.
Safety (NYSE:SAFE) last announced its quarterly earnings results on Thursday, April 26th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $11.69 million for the quarter, compared to analyst estimates of $10.79 million. Safety had a net margin of 0.36% and a return on equity of 0.03%. equities analysts forecast that Safety will post 0.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Wednesday, March 28th.
SAFE has been the topic of a number of analyst reports. Ladenburg Thalmann reiterated 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. Zacks Investment Research upgraded shares of Safety from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.78.
A number of institutional investors have recently made changes to their positions in SAFE. American International Group Inc. bought a new stake in Safety in the 4th quarter worth $123,000. Cubist Systematic Strategies LLC bought a new stake in Safety in the 3rd quarter worth $170,000. Schwab Charles Investment Management Inc. bought a new stake in Safety in the 3rd quarter worth $215,000. Teachers Insurance & Annuity Association of America grew its holdings in Safety by 37.7% in the 1st quarter. Teachers Insurance & Annuity Association of America now owns 15,159 shares of the company’s stock worth $242,000 after acquiring an additional 4,153 shares during the last quarter. Finally, California State Teachers Retirement System bought a new stake in Safety in the 3rd quarter worth $313,000. 41.45% of the stock is currently owned by institutional investors and hedge funds.
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.