JMP Securities analyst Mitch Germain lowered the firm’s price target on Safehold (SAFE) to $32 from $35 and keeps an Outperform rating on the shares. Safehold’s Q4 was “uneventful,” highlighted by limited investment activity, though the company took measures to strengthen the balance sheet, the analyst tells investors in a research note. JMP continues to view Safehold as a prime beneficiary of downward trending rates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAFE:
- Safehold Inc.’s Share Buyback Strategy: Risks and Challenges in Market Volatility
- Safehold price target lowered to $19 from $20 at Wedbush
- Safehold Inc. Reports Strong Financial Performance
- Safehold Inc. Navigates Volatility with Strategic Moves
- Safehold’s Stable Performance and Improved Credit Rating Justify Hold Rating Despite Limited Growth Prospects