Safety Income & Growth Inc (SAFE) Gets a Hold Rating from Barclays


In a report released yesterday, Ross L Smotrich from Barclays maintained a Hold rating on Safety Income & Growth Inc (NYSE: SAFE), with a price target of $21. The company’s shares closed yesterday at $16.91.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.8% and a 67.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hudson Pacific Properties, and Jones Lang Lasalle Inc.

Currently, the analyst consensus on Safety Income & Growth Inc is a Hold with an average price target of $21.

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Safety Income & Growth Inc’s market cap is currently $308.3M and has a P/E ratio of 93.94. The company has a Price to Book ratio of 0.84.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAFE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Safety, Income & Growth, Inc. operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases.

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