Rhumbline Advisers Increases Investment in Safehold

🌥️Trending News

Rhumbline Advisers have recently increased their investment in Safehold Inc ($NYSE:SAFE)., a real estate investment trust (REIT). The company is publicly traded on the New York Stock Exchange under the ticker symbol SHO. Safehold Inc.’s core strategy is to acquire and manage ground leases, collect rent, and pay out dividends to shareholders. Rhumbline Advisers’ decision to increase their investment in Safehold Inc. is a sign of confidence in the company’s long-term prospects.

The increased investment by Rhumbline Advisers has drawn attention to Safehold Inc., signifying its potential as an attractive long-term investment for income-focused investors. The company’s diversified portfolio of real estate assets provides income and capital appreciation potential, while its strong financial position provides a cushion in times of market volatility. Furthermore, the company’s management team has been credited with doing an excellent job of executing their strategies and delivering strong returns for shareholders.

Stock Price

On Thursday, Rhumbline Advisers increased their investment in the real estate investment trust (REIT) Safehold Inc. This news caused Safehold Inc’s stock to open at $20.0 and close at $19.7, representing a decrease of 0.5% from the previous closing price of 19.8. Despite the slight decline, investors remain optimistic about the company’s growth prospects. The increase in investments is seen as a vote of confidence in the REIT and indicates that Safehold Inc is in a strong financial position.

The additional capital should help to fund the company’s expansion plans and create new opportunities to strengthen their market presence. Going forward, investors can expect to see positive returns on their investments as Safehold Inc continues to deliver on its growth plans. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Safehold Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Safehold Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Safehold Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Safehold Inc are shown below. More…

Analysis

GoodWhale conducted an analysis of SAFEHOLD INC‘s fundamentals and determined that they are classified as ‘cow’ on our Star Chart. This type of company typically has a track record of paying out consistent and sustainable dividends, which may be attractive to certain types of investors. Upon further examination, SAFEHOLD INC was found to be strong in assets, dividend, and growth, but medium in profitability. Additionally, our health score for this company is 4/10, indicating that while SAFEHOLD INC may be able to pay off debt and fund future operations, it is not in the best overall health. Overall, the fundamentals of SAFEHOLD INC indicate that it may be a suitable target for certain types of investors. More…

Peers

Safehold’s competitors in the ground lease space include Shinhan Seobu T&D REIT, SLS Realty REIT, and iStar Inc.

– Shinhan Seobu T&D REIT ($KOSE:404990)

Shinhan Seobu T&D REIT is a real estate investment trust that invests in properties used for telecommunication and data centers in South Korea. As of 2022, the company has a market cap of 102.92 billion won. The company’s portfolio includes properties in Seoul, Daejeon, Daegu, Busan, and Gwangju.

– SLS Realty REIT ($LTS:0OI7)

As of 2022, iStar Inc has a market cap of 932M. The company is a leading real estate investment and finance firm. They are dedicated to creating long-term value for their shareholders, clients, and partners.

Summary

Rhumbline Advisers recently increased their stock holdings in Safehold Inc., a Real Estate Investment Trust (REIT). This news indicates a positive outlook on Safehold Inc., as institutional investors are bullish on the stock. Analysts believe that the REIT sector will remain resilient amid the current economic uncertainty, and that Safehold Inc. is well-positioned to capitalize on this trend.