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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue