Safety Income & Growth Inc (SAFE) Major Shareholder Istar Inc. Buys 80,402 Shares

Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. acquired 80,402 shares of the stock in a transaction on Wednesday, September 20th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $1,546,934.48. Following the purchase, the insider now directly owns 6,245,061 shares of the company’s stock, valued at approximately $120,154,973.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, September 18th, Istar Inc. acquired 67,566 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.37 per share, for a total transaction of $1,308,753.42.
  • On Thursday, September 14th, Istar Inc. acquired 115,561 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.54 per share, for a total transaction of $2,258,061.94.
  • On Thursday, September 7th, Istar Inc. acquired 72,960 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.59 per share, for a total transaction of $1,429,286.40.
  • On Friday, September 1st, Istar Inc. acquired 36,338 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.73 per share, for a total transaction of $716,948.74.
  • On Wednesday, August 30th, Istar Inc. acquired 66,970 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.57 per share, for a total transaction of $1,310,602.90.
  • On Friday, August 25th, Istar Inc. acquired 88,376 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.41 per share, for a total transaction of $1,715,378.16.
  • On Tuesday, August 22nd, Istar Inc. acquired 51,503 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.42 per share, for a total transaction of $1,000,188.26.
  • On Friday, August 18th, Istar Inc. acquired 40,061 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.66 per share, for a total transaction of $787,599.26.
  • On Wednesday, August 16th, Istar Inc. acquired 93,367 shares of Safetyome & Growth stock. The shares were bought at an average cost of $19.34 per share, for a total transaction of $1,805,717.78.
  • On Friday, August 11th, Istar Inc. acquired 79,772 shares of Safetyome & Growth stock. The shares were bought at an average cost of $18.99 per share, for a total transaction of $1,514,870.28.

Safety Income & Growth Inc (NASDAQ:SAFE) traded down 0.67% during trading on Wednesday, reaching $19.27. The company’s stock had a trading volume of 238,319 shares. The company has a market capitalization of $350.52 million and a PE ratio of 115.39. Safety Income & Growth Inc has a 52 week low of $18.02 and a 52 week high of $20.00. The company has a 50 day moving average price of $19.27 and a 200-day moving average price of $19.27.

The company also recently announced a special dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 29th.

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A number of institutional investors have recently modified their holdings of the stock. FMR LLC purchased a new position in Safetyome & Growth in the second quarter valued at about $41,620,000. V3 Capital Management L.P. purchased a new position in Safetyome & Growth in the second quarter valued at about $8,139,000. State of New Jersey Common Pension Fund D purchased a new position in Safetyome & Growth in the second quarter valued at about $6,703,000. Vanguard Group Inc. purchased a new stake in shares of Safetyome & Growth during the second quarter worth about $4,787,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Safetyome & Growth during the second quarter worth about $4,286,000.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Safetyome & Growth from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Safetyome & Growth in a research note on Monday, July 31st. Raymond James Financial, Inc. assumed coverage on Safetyome & Growth in a research note on Tuesday, July 18th. They set a “market perform” rating on the stock. UBS AG assumed coverage on Safetyome & Growth in a research note on Monday, July 17th. They set a “market perform” rating on the stock. Finally, Mizuho assumed coverage on Safetyome & Growth in a research note on Wednesday, August 30th. They set a “neutral” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.80.

About Safetyome & Growth

Insider Buying and Selling by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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