UPDATE: Mizuho Securities Assumes Safehold (SAFE), Downgrades to Neutral
Get Alerts SAFE Hot Sheet
Price: $11.23 -0.88%
Rating Summary:
7 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
7 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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(Updated - January 20, 2022 6:45 AM EST)
Mizuho Securities analyst Vikram Malhotra downgraded Safehold (NYSE: SAFE) from Buy to Neutral with a price target of $75.00 (from $96.00).
The analyst comments "Similar to EPRT, our downgrade of SAFE is part thematic given macro headwinds for longer-term duration sectors and part stock-specific given its elevated multiple and slower prospective growth as investment spreads narrow in the face of cap rate compression and a higher WACC."
For an analyst ratings summary and ratings history on Safehold click here. For more ratings news on Safehold click here.
Shares of Safehold closed at $66.24 yesterday.
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