BlackRock Trims Safehold Stake to 13.9% as of Dec 31, 2023
Ticker: SAFE · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1095651
| Field | Detail |
|---|---|
| Company | Safehold INC. (SAFE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investment
TL;DR
**BlackRock just updated its Safehold (SAFE) stake, now holding 13.9% as of year-end 2023.**
AI Summary
BlackRock Inc., a major investment firm, filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Safehold Inc. (formerly iStar Inc.). As of December 31, 2023, BlackRock reported beneficial ownership of 7,377,209 shares of Safehold's Common Stock, representing 13.9% of the company. This filing indicates a slight decrease in BlackRock's stake from previous disclosures, which matters to investors as it shows a significant institutional holder's updated position, potentially signaling their confidence (or lack thereof) in Safehold's future performance.
Why It Matters
This filing reveals BlackRock's updated investment in Safehold, providing insight into a major institutional investor's view on the company's value and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not present significant new risks to investors.
Analyst Insight
Investors should note BlackRock's updated 13.9% stake in Safehold Inc. as of December 31, 2023, and consider it as one data point among many when evaluating their own investment decisions, particularly if they are tracking institutional ownership trends.
Key Numbers
- 7,377,209 — Shares Beneficially Owned (This is the total number of Safehold Inc. Common Stock shares BlackRock Inc. reported owning as of December 31, 2023.)
- 13.9% — Percentage of Class (This represents BlackRock Inc.'s ownership stake in Safehold Inc. Common Stock, indicating a significant institutional holding.)
- December 31, 2023 — Reporting Date (This is the specific date for which the ownership data is reported, providing a snapshot of BlackRock's position at year-end.)
Key Players & Entities
- BlackRock Inc. (company) — the investment firm filing the SC 13G/A
- Safehold Inc. (company) — the subject company whose shares are being reported
- iStar Inc. (company) — former name of Safehold Inc.
- 7,377,209 shares (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 13.9% (dollar_amount) — percentage of Safehold Inc. common stock beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially slightly reduced, stake in Safehold Inc. over the next year. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock Inc. filed this SC 13G/A amendment, as indicated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is Safehold Inc., as stated under 'Name of Issuer' in the Schedule 13G and in the 'SUBJECT COMPANY' data section.
What percentage of Safehold Inc. Common Stock does BlackRock Inc. beneficially own as of the reporting date?
As of December 31, 2023, BlackRock Inc. beneficially owns 13.9% of Safehold Inc.'s Common Stock, according to the filing's cover page and content.
How many shares of Safehold Inc. Common Stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 7,377,209 shares of Safehold Inc. Common Stock, as reported on the cover page of the Schedule 13G.
What was the date of the event which required this filing?
The date of the event which required this filing was December 31, 2023, as explicitly stated on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Safehold Inc. (SAFE).