Safety Income & Growth Inc (SAFE) Major Shareholder Buys $455,665.47 in Stock

Safety Income & Growth Inc (NYSE:SAFE) major shareholder Istar Inc. purchased 24,859 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average price of $18.33 per share, for a total transaction of $455,665.47. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Tuesday, December 5th, Istar Inc. purchased 51,485 shares of Safety Income & Growth stock. The stock was purchased at an average price of $17.98 per share, for a total transaction of $925,700.30.
  • On Thursday, November 30th, Istar Inc. purchased 22,838 shares of Safety Income & Growth stock. The stock was purchased at an average price of $18.50 per share, for a total transaction of $422,503.00.
  • On Monday, November 27th, Istar Inc. purchased 19,503 shares of Safety Income & Growth stock. The stock was purchased at an average price of $18.59 per share, for a total transaction of $362,560.77.
  • On Thursday, November 16th, Istar Inc. purchased 42,439 shares of Safety Income & Growth stock. The stock was purchased at an average price of $18.02 per share, for a total transaction of $764,750.78.
  • On Monday, November 13th, Istar Inc. purchased 38,592 shares of Safety Income & Growth stock. The stock was purchased at an average price of $17.91 per share, for a total transaction of $691,182.72.
  • On Friday, September 22nd, Istar Inc. purchased 55,771 shares of Safety Income & Growth stock. The stock was purchased at an average price of $19.33 per share, for a total transaction of $1,078,053.43.
  • On Wednesday, September 20th, Istar Inc. bought 80,402 shares of Safety Income & Growth stock. The shares were bought at an average price of $19.24 per share, for a total transaction of $1,546,934.48.
  • On Monday, September 18th, Istar Inc. bought 67,566 shares of Safety Income & Growth stock. The shares were bought at an average price of $19.37 per share, for a total transaction of $1,308,753.42.
  • On Thursday, September 14th, Istar Inc. bought 115,561 shares of Safety Income & Growth stock. The shares were bought at an average price of $19.54 per share, for a total transaction of $2,258,061.94.
  • On Thursday, September 7th, Istar Inc. bought 72,960 shares of Safety Income & Growth stock. The shares were bought at an average price of $19.59 per share, for a total transaction of $1,429,286.40.

Safety Income & Growth Inc (NYSE SAFE) traded up $0.21 during midday trading on Thursday, hitting $17.94. 64,576 shares of the stock traded hands, compared to its average volume of 139,871. Safety Income & Growth Inc has a 12-month low of $17.27 and a 12-month high of $20.00.

Safety Income & Growth (NYSE:SAFE) last released its quarterly earnings results on Thursday, October 26th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.16). The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.86 million. sell-side analysts expect that Safety Income & Growth Inc will post 0.44 earnings per share for the current fiscal year.

Several equities analysts have issued reports on SAFE shares. Zacks Investment Research cut shares of Safety Income & Growth from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Safety Income & Growth in a research note on Tuesday, October 31st. Mizuho started coverage on shares of Safety Income & Growth in a research note on Wednesday, August 30th. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Bank of America lowered their target price on shares of Safety Income & Growth from $20.00 to $18.90 and set a “neutral” rating on the stock in a research note on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Safety Income & Growth currently has an average rating of “Hold” and a consensus target price of $20.58.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. increased its position in shares of Safety Income & Growth by 37.7% during the 3rd quarter. TCW Group Inc. now owns 32,518 shares of the company’s stock valued at $606,000 after purchasing an additional 8,909 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Safety Income & Growth in the 3rd quarter worth approximately $170,000. Pinnacle Associates Ltd. increased its holdings in Safety Income & Growth by 90.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 19,500 shares of the company’s stock worth $363,000 after acquiring an additional 9,275 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Safety Income & Growth by 2.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 360,000 shares of the company’s stock worth $6,710,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Safety Income & Growth in the 3rd quarter worth approximately $215,000. 40.34% of the stock is owned by hedge funds and other institutional investors.

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Safety Income & Growth Company Profile

Insider Buying and Selling by Quarter for Safety Income & Growth (NYSE:SAFE)

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