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Safehold price target lowered to $21 from $22 at Truist

Truist lowered the firm’s price target on Safehold to $21 from $22 and keeps a Hold rating on the shares as part of a broader research note on REITs. The price target update follows the company’s Q4 results, recent events, and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.

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