Media stories about Safety Income & Growth (NYSE:SAFE) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Safety Income & Growth earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2750765706764 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
SAFE stock opened at $16.54 on Friday. Safety Income & Growth has a 12 month low of $15.57 and a 12 month high of $20.00.
Safety Income & Growth (NYSE:SAFE) last announced its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.23). The company had revenue of $6.75 million for the quarter, compared to analysts’ expectations of $7.27 million. research analysts expect that Safety Income & Growth will post 0.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a yield of 3.63%.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Safety Income & Growth from a “sell” rating to a “hold” rating in a research report on Thursday. Ladenburg Thalmann reiterated a “buy” rating and issued a $20.00 price target (down from $22.00) on shares of Safety Income & Growth in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Finally, Mizuho set a $18.00 price target on shares of Safety Income & Growth and gave the company 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 company. The company currently has an average rating of “Hold” and an average price target of $19.78.
In other news, CFO Geoffrey G. Jervis bought 33,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average price of $16.25 per share, for a total transaction of $550,062.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Istar Inc. bought 59,420 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average price of $17.95 per share, for a total transaction of $1,066,589.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 413,270 shares of company stock worth $7,337,412.
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About Safety Income & Growth
Safety, Income & Growth Inc, formerly Safety, Income and Growth, Inc, is formed primarily to acquire, own, manage, finance and capitalize ground net leases (GNLs). The Company’s portfolio consists of 12 properties, which includes Doubletree Seattle Airport, One Ally Center, Hilton Salt Lake, Doubletree Mission Valley, Doubletree Sonoma, Doubletree Durango, Dallas Market Center: Sheraton Suites, Northside Forsyth Hospital Medical Center, NASA/JPSS Headquarters, The Buckler Apartments, Dallas Market Center: Marriott Courtyard and Lock Up Self Storage Facility.
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