Reasons to Add Safehold (SAFE) to Your Portfolio

Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered a return of 12.12% net of fees, outperforming the 6.23% return of the Russell 2000 Index. Security selection contributed to the outperformance of the strategy in the quarter. Furthermore, the strategy benefitted from overweight allocation in Industrials and underweight exposure in Communication Services. For the calendar year, the strategy generated a ‐10.13% net of fees return compared to the Russell 2000 Index’s ‐20.44% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Aristotle Small Cap Equity Strategy highlighted stocks like Safehold Inc. (NYSE:SAFE) in its Q4 2022 investor letter. Safehold Inc. (NYSE:SAFE) is a real estate investment trust. On March 24, 2023, Safehold Inc. (NYSE:SAFE) stock closed at $28.94 per share. One-month return of Safehold Inc. (NYSE:SAFE) was -4.90%, and its shares lost 47.12% of their value over the last 52 weeks. Safehold Inc. (NYSE:SAFE) has a market capitalization of $1.806 billion.

Aristotle Small Cap Equity Strategy made the following comment about Safehold Inc. (NYSE:SAFE) in its Q4 2022 investor letter:

Safehold Inc. (NYSE:SAFE), is a real estate investment trust (REIT) focused on acquiring, owning, managing and capitalizing ground leases. We inherited shares of Safehold via a special dividend from existing holding iStar, which holds a meaningful stake in Safehold. We maintain our shares ahead of the anticipated business combination between the two entities, which will create the only self‐managed, pure‐play ground lease company in the public markets.”

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Safehold Inc. (NYSE:SAFE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held Safehold Inc. (NYSE:SAFE) at the end of the fourth quarter which was 11 in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.