Insider Buying: Safety Income & Growth Inc (NASDAQ:SAFE) Major Shareholder Buys 97,499 Shares of Stock

Safety Income & Growth Inc (NASDAQ:SAFE) major shareholder Istar Inc. purchased 97,499 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were purchased at an average price of $18.55 per share, for a total transaction of $1,808,606.45. Following the completion of the acquisition, the insider now directly owns 5,142,099 shares in the company, valued at approximately $95,385,936.45. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, August 9th, Istar Inc. acquired 119,658 shares of Safetyome & Growth stock. The stock was bought at an average cost of $18.96 per share, with a total value of $2,268,715.68.
  • On Friday, August 4th, Istar Inc. acquired 76,136 shares of Safetyome & Growth stock. The stock was bought at an average cost of $18.85 per share, with a total value of $1,435,163.60.
  • On Wednesday, August 2nd, Istar Inc. purchased 114,292 shares of Safetyome & Growth stock. The stock was acquired at an average cost of $18.49 per share, with a total value of $2,113,259.08.
  • On Tuesday, July 25th, Istar Inc. bought 19,600 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $19.25 per share, with a total value of $377,300.00.
  • On Tuesday, June 27th, Istar Inc. bought 2,250,000 shares of Safetyome & Growth stock. The shares were purchased at an average cost of $20.00 per share, with a total value of $45,000,000.00.

Safety Income & Growth Inc (NASDAQ SAFE) traded up 1.39% during trading on Thursday, reaching $18.98. 44,800 shares of the company’s stock traded hands. Safety Income & Growth Inc has a one year low of $18.02 and a one year high of $20.00. The stock has a market cap of $345.25 million and a P/E ratio of 113.65. The firm’s 50 day moving average price is $19.15 and its 200-day moving average price is $19.15.

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Institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D acquired a new stake in shares of Safetyome & Growth during the second quarter worth approximately $6,703,000. Forward Management LLC acquired a new stake in shares of Safetyome & Growth during the second quarter worth approximately $4,213,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Safetyome & Growth during the second quarter worth approximately $196,000.

SAFE has been the subject of a number of analyst reports. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Safetyome & Growth in a research report on Monday, July 31st. Barclays PLC began coverage on shares of Safetyome & Growth in a research note on Monday, July 17th. They set an “equal weight” rating and a $21.00 price target on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $20.00 price objective on shares of Safetyome & Growth in a research note on Monday, July 17th. Raymond James Financial, Inc. began coverage on shares of Safetyome & Growth in a report on Tuesday, July 18th. They set a “market perform” rating on the stock. Finally, UBS AG began coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.00.

About Safetyome & Growth

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

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