Safety Income & Growth Inc (SAFE) CFO Acquires $568,400.00 in Stock

Safety Income & Growth Inc (NASDAQ:SAFE) CFO Geoffrey G. Jervis bought 28,420 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was purchased at an average cost of $20.00 per share, with a total value of $568,400.00. Following the purchase, the chief financial officer now directly owns 28,420 shares in the company, valued at approximately $568,400. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Safety Income & Growth Inc (NASDAQ SAFE) traded down 0.33% on Friday, hitting $18.25. 165,443 shares of the stock were exchanged. The company’s 50-day moving average is $19.30 and its 200-day moving average is $19.30. Safety Income & Growth Inc has a 52 week low of $18.02 and a 52 week high of $20.00.

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A hedge fund recently bought a new stake in Safetyome & Growth stock. State of New Jersey Common Pension Fund D bought a new stake in shares of Safety Income & Growth Inc (NASDAQ:SAFE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 350,000 shares of the company’s stock, valued at approximately $6,703,000.

SAFE has been the subject of several analyst reports. Ladenburg Thalmann Financial Services initiated coverage on shares of Safetyome & Growth in a research note on Friday, July 14th. They issued a “buy” rating and a $22.00 target price for the company. Barclays PLC initiated coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They issued an “equal weight” rating and a $21.00 target price for the company. J P Morgan Chase & Co initiated coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They set a “neutral” rating and a $21.00 price objective for the company. Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Safetyome & Growth in a research note on Monday, July 17th. Finally, UBS AG initiated coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They set a “market perform” rating for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.00.

About Safetyome & Growth

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