Safehold price target lowered to $28 from $32 at Citizens JMP

Citizens JMP analyst Mitch Germain lowered the firm’s price target on Safehold (SAFE) to $28 from $32 and keeps an Outperform rating on the shares. The quarter demonstrated management’s ability to structure creative transactions to benefit its customers, while the deal pipeline is reflective of accelerating volumes within the investment sales market, the analyst tells investors in a research note.