Investing in Safehold Inc. (SAFE) Is Getting More Attractive

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Safehold Inc.’s filing revealed that its CHAIRMAN AND CEO SUGARMAN JAY acquired Company’s shares for reported $1.4 million on Aug 08. In the deal valued at $21.40 per share,65,420 shares were bought. As a result of this transaction, SUGARMAN JAY now holds 156,446 shares worth roughly $ 3.29 million.

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Then, SUGARMAN JAY bought 10,000 shares, generating $245,849 in total proceeds. Upon buying the shares at $24.58, the CHAIRMAN AND CEO now owns 91,026 shares.

Before that, RIDINGS BARRY W bought 6,215 shares. Safehold Inc. shares valued at $174,766 were divested by the Director at a price of $28.12 per share. As a result of the transaction, RIDINGS BARRY W now holds 4,665 shares, worth roughly $97965.0.

Goldman initiated its Safehold Inc. [SAFE] rating to a Buy in a research note published on Friday, August 23, 2023; the price target was $25. PT values the company’s stock at a premium of 16.0 to its Friday closing price.

Price Performance Review of SAFE

On Friday, Safehold Inc. [NYSE:SAFE] saw its stock fall -1.32% to $21.00. On the same session, the stock had its day’s lowest price of $20.88, but rose to a high of $21.43. Over the last five days, the stock has gained 2.29%. Safehold Inc. shares have fallen nearly -24.48% since the year began. Nevertheless, the stocks have fallen -46.25% over the past one year. While a 52-week high of $40.37 was reached on 02/02/23, a 52-week low of $19.51 was recorded on 08/11/23. SMA at 50 days reached $22.82, while 200 days put it at $27.62. A total of 0.74 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For SAFE Stock

The 24-hour chart illustrates a support level at 20.78, which if violated will result in even more drops to 20.55. On the upside, there is a resistance level at 21.33. A further resistance level may holdings at 21.65. The Relative Strength Index (RSI) on the 14-day chart is 43.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.00%. Stochastics %K at 83.54% indicates the stock is a selling.

How much short interest is there in Safehold Inc.?

A steep rise in short interest was recorded in Safehold Inc. stocks on Aug 14, 2023, dropping by 80000.0 shares to a total of 3.18 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.26 million shares. There was a decline of -2.52%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.24.

According to FactSet, Safehold Inc.’s share price will average $33.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 40.98 percent from its previous closing price of $21.28. Analysts expect Safehold Inc. stock to reach the higher price of $47.00, while the lowest price estimate is $24.00. However, 8 analysts have rated SAFE stock as an Overweight in their predictions for 2023.

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