JPMorgan lowered the firm’s price target on Safehold (SAFE) to $19 from $20 and keeps a Neutral rating on the shares. The firm reduced estimates ahead of the company’s Q2 report to reflect lower investment volume in 2025, slightly higher overhead costs, and continued higher capital costs.
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Read More on SAFE:
- Safehold’s Hold Rating: Impact of Lower Earnings Estimates and Challenging Market Conditions
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- Safehold management to meet virtually with Citizens JMP
- Safehold Appoints New Chief Accounting Officer
- Safehold price target lowered to $21 from $25 at BofA