Safety Income & Growth Inc (NASDAQ:SAFE) Coverage Initiated at Mizuho

Mizuho started coverage on shares of Safety Income & Growth Inc (NASDAQ:SAFE) in a research note issued on Wednesday, August 30th, MarketBeat.com reports. The brokerage set a “neutral” rating and a $20.00 price target on the stock. Mizuho’s price objective would indicate a potential upside of 3.95% from the stock’s previous close.

Several other equities research analysts have also recently commented on SAFE. Ladenburg Thalmann Financial Services initiated coverage on shares of Safetyome & Growth in a research report on Friday, July 14th. They issued a “buy” rating and a $22.00 price objective on the stock. Barclays PLC initiated coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They issued an “equal weight” rating and a $21.00 price objective on the stock. J P Morgan Chase & Co initiated coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They issued a “neutral” rating and a $21.00 price objective on the stock. Bank of America Corporation reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Safetyome & Growth in a research report on Monday, July 17th. Finally, UBS AG initiated coverage on shares of Safetyome & Growth in a research report on Monday, July 17th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Safetyome & Growth currently has an average rating of “Hold” and a consensus target price of $20.80.

Shares of Safetyome & Growth (SAFE) opened at 19.24 on Wednesday. Safetyome & Growth has a 12 month low of $18.02 and a 12 month high of $20.00. The stock has a 50 day moving average price of $19.23 and a 200-day moving average price of $19.27. The stock has a market cap of $349.98 million and a P/E ratio of 115.21.

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In other news, insider Nina Matis acquired 20,000 shares of the stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $400,000.00. Following the purchase, the insider now directly owns 20,000 shares of the company’s stock, valued at $400,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Geoffrey G. Jervis acquired 28,420 shares of the stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $568,400.00. Following the completion of the purchase, the chief financial officer now directly owns 28,420 shares in the company, valued at $568,400. The disclosure for this purchase can be found here. Insiders acquired a total of 3,451,727 shares of company stock worth $68,118,067 over the last quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $2,873,000. Goldman Sachs Group Inc. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $1,420,000. Salem Investment Counselors Inc. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $479,000. Balyasny Asset Management LLC acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $4,286,000. Finally, V3 Capital Management L.P. acquired a new position in Safetyome & Growth in the 2nd quarter valued at about $8,139,000.

Safetyome & Growth Company Profile

Analyst Recommendations for Safetyome & Growth (NASDAQ:SAFE)

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