May. 26 at 6:55 PM
$SAFE Safehold price target lowered to
$21 from
$25 at BofA
BofA analyst Derek Hewett lowered the firm's price target on Safehold to
$21 from
$25 and keeps a Buy rating on the shares following the Q1 print. The firm says that despite the current rate backdrop, ground leases represent an attractive opportunity given the long-term nature of the cash flows plus capital appreciation.
