UPDATE: Mizuho Securities Assumes Safehold (SAFE), Downgrades to Neutral

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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