Balyasny Asset Management LLC Invests $4.29 Million in Safety Income & Growth Inc (SAFE)

Balyasny Asset Management LLC purchased a new position in Safety Income & Growth Inc (NASDAQ:SAFE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 223,800 shares of the company’s stock, valued at approximately $4,286,000. Balyasny Asset Management LLC owned about 1.23% of Safetyome & Growth as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SAFE. Pinnacle Associates Ltd. purchased a new stake in Safetyome & Growth during the second quarter valued at about $196,000. Forward Management LLC purchased a new stake in Safetyome & Growth during the second quarter valued at about $4,213,000. Vanguard Group Inc. purchased a new stake in Safetyome & Growth during the second quarter valued at about $4,787,000. State of New Jersey Common Pension Fund D purchased a new stake in Safetyome & Growth during the second quarter valued at about $6,703,000. Finally, V3 Capital Management L.P. purchased a new stake in Safetyome & Growth during the second quarter valued at about $8,139,000.

SAFE has been the topic of several recent research reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Barclays PLC initiated coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They set an “equal weight” rating and a $21.00 price objective on the stock. Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Safetyome & Growth in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Safetyome & Growth from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Finally, Mizuho initiated coverage on shares of Safetyome & Growth in a report on Wednesday, August 30th. They set a “neutral” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.80.

In related news, major shareholder Istar Inc. acquired 114,292 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $18.49 per share, with a total value of $2,113,259.08. Following the transaction, the insider now directly owns 5,256,391 shares in the company, valued at $97,190,669.59. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 1,299,958 shares of company stock worth $24,938,767 over the last three months.

COPYRIGHT VIOLATION NOTICE: “Balyasny Asset Management LLC Invests $4.29 Million in Safety Income & Growth Inc (SAFE)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/balyasny-asset-management-llc-invests-4-29-million-in-safety-income-growth-inc-safe.html.

Shares of Safety Income & Growth Inc (NASDAQ:SAFE) opened at 18.36 on Tuesday. Safety Income & Growth Inc has a 12 month low of $18.02 and a 12 month high of $20.00. The stock’s 50 day moving average price is $19.20 and its 200 day moving average price is $19.18. The company has a market capitalization of $333.97 million and a PE ratio of 109.94.

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

Safetyome & Growth Profile

Several other large investors also recently modified their holdings of SAFE. Pinnacle Associates Ltd. purchased a new stake in Safetyome & Growth during the second quarter valued at about $196,000. Forward Management LLC purchased a new stake in Safetyome & Growth during the second quarter valued at about $4,213,000. Vanguard Group Inc. purchased a new stake in Safetyome & Growth during the second quarter valued at about $4,787,000. State of New Jersey Common Pension Fund D purchased a new stake in Safetyome & Growth during the second quarter valued at about $6,703,000. Finally, V3 Capital Management L.P. purchased a new stake in Safetyome & Growth during the second quarter valued at about $8,139,000.

SAFE has been the topic of several recent research reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Safetyome & Growth in a report on Monday, July 31st. Barclays PLC initiated coverage on shares of Safetyome & Growth in a report on Monday, July 17th. They set an “equal weight” rating and a $21.00 price objective on the stock. Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Safetyome & Growth in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Safetyome & Growth from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Finally, Mizuho initiated coverage on shares of Safetyome & Growth in a report on Wednesday, August 30th. They set a “neutral” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.80.

In related news, major shareholder Istar Inc. acquired 114,292 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $18.49 per share, with a total value of $2,113,259.08. Following the transaction, the insider now directly owns 5,256,391 shares in the company, valued at $97,190,669.59. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 1,299,958 shares of company stock worth $24,938,767 over the last three months.

COPYRIGHT VIOLATION NOTICE: “Balyasny Asset Management LLC Invests $4.29 Million in Safety Income & Growth Inc (SAFE)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/balyasny-asset-management-llc-invests-4-29-million-in-safety-income-growth-inc-safe.html.

Shares of Safety Income & Growth Inc (NASDAQ:SAFE) opened at 18.36 on Tuesday. Safety Income & Growth Inc has a 12 month low of $18.02 and a 12 month high of $20.00. The stock’s 50 day moving average price is $19.20 and its 200 day moving average price is $19.18. The company has a market capitalization of $333.97 million and a PE ratio of 109.94.

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

Safetyome & Growth Profile

Want to see what other hedge funds are holding SAFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safety Income & Growth Inc (NASDAQ:SAFE).

Institutional Ownership by Quarter for Safetyome & Growth (NASDAQ:SAFE)

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