Fmr LLC Acquires New Stake in Safety Income & Growth Inc (SAFE)

FMR LLC purchased a new stake in Safety Income & Growth Inc (NASDAQ:SAFE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,173,416 shares of the company’s stock, valued at approximately $41,620,000. FMR LLC owned approximately 11.95% of Safetyome & Growth as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D purchased a new stake in shares of Safetyome & Growth in the 2nd quarter valued at approximately $6,703,000. Vanguard Group Inc. purchased a new stake in shares of Safetyome & Growth in the 2nd quarter valued at approximately $4,787,000. Forward Management LLC purchased a new stake in shares of Safetyome & Growth in the 2nd quarter valued at approximately $4,213,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Safetyome & Growth in the 2nd quarter valued at approximately $196,000.

Shares of Safety Income & Growth Inc (SAFE) opened at 18.50 on Friday. The firm has a 50-day moving average of $18.88 and a 200-day moving average of $19.09. The stock has a market cap of $336.52 million and a P/E ratio of 110.78. Safety Income & Growth Inc has a 52-week low of $18.02 and a 52-week high of $20.00.

The business also recently declared a special dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 29th.

In related news, major shareholder Istar Inc. purchased 114,292 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $18.49 per share, with a total value of $2,113,259.08. Following the completion of the purchase, the insider now owns 5,256,391 shares in the company, valued at approximately $97,190,669.59. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 1,180,472 shares of company stock worth $22,708,314.

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Several equities research analysts recently commented on SAFE shares. Barclays PLC started coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They issued an “equal weight” rating and a $21.00 price target for the company. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 target price on shares of Safetyome & Growth in a research report on Monday, July 17th. Ladenburg Thalmann Financial Services started coverage on shares of Safetyome & Growth in a research report on Friday, July 14th. They issued a “buy” rating and a $22.00 target price for the company. J P Morgan Chase & Co started coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Mizuho started coverage on shares of Safetyome & Growth in a research report on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.80.

Safetyome & Growth Company Profile

Institutional Ownership by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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