TCW Group Inc. grew its holdings in Safety, Income and Growth, Inc. (NYSE:SAFE) by 37.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,518 shares of the company’s stock after acquiring an additional 8,909 shares during the quarter. TCW Group Inc. owned 0.18% of Safety, Income and Growth worth $606,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of SAFE. State of New Jersey Common Pension Fund D boosted its holdings in Safety, Income and Growth by 2.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 360,000 shares of the company’s stock worth $6,710,000 after buying an additional 10,000 shares during the last quarter. Nationwide Fund Advisors acquired a new position in Safety, Income and Growth in the 3rd quarter valued at $2,723,000. Strs Ohio acquired a new position in Safety, Income and Growth in the 3rd quarter valued at $299,000. Quantitative Systematic Strategies LLC acquired a new position in Safety, Income and Growth in the 3rd quarter valued at $396,000. Finally, Macquarie Group Ltd. acquired a new position in Safety, Income and Growth in the 2nd quarter valued at $2,873,000. 40.34% of the stock is owned by hedge funds and other institutional investors.
Safety, Income and Growth, Inc. (NYSE:SAFE) traded down $0.30 during trading hours on Monday, reaching $17.80. The company’s stock had a trading volume of 139,968 shares, compared to its average volume of 141,533. Safety, Income and Growth, Inc. has a twelve month low of $17.27 and a twelve month high of $20.00.
Safety, Income and Growth (NYSE:SAFE) last announced its quarterly earnings results on Thursday, October 26th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.16). The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.86 million. equities analysts predict that Safety, Income and Growth, Inc. will post 0.47 EPS for the current fiscal year.
A number of research firms have recently weighed in on SAFE. Zacks Investment Research upgraded Safety, Income and Growth from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Bank of America dropped their target price on Safety, Income and Growth from $20.00 to $18.90 and set a “neutral” rating for the company in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Safety, Income and Growth in a report on Tuesday, October 31st. Finally, Mizuho assumed coverage on Safety, Income and Growth in a report on Wednesday, August 30th. They issued a “neutral” rating and a $20.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Safety, Income and Growth presently has an average rating of “Hold” and an average price target of $20.58.
In other news, major shareholder Istar Inc. purchased 72,960 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average price of $19.59 per share, with a total value of $1,429,286.40. Following the completion of the purchase, the insider now directly owns 5,981,532 shares in the company, valued at approximately $117,178,211.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 547,755 shares of company stock valued at $10,458,762.
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Safety, Income and Growth Company Profile
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