Safehold (SAFE)

• Market cap: $1.18B
• 1 day: 1.22%
• 5 days: -2.88%
• 1 month: -20.97%
• 3 months: -32.41%
• 6 months: -23.21%
• Year to date: -11.50%
• 1 year: -23.18%
• 5 years: -59.63%
• 10 years: -12.95%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Safehold Inc is a REIT that operates its business by acquiring, managing and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

135% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 17

67% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]

44% more call options, than puts

Call options by funds: $5.86M | Put options by funds: $4.06M

37% more capital invested

Capital invested by funds: $977M [Q2] → $1.34B (+$359M) [Q3]

12% more funds holding

Funds holding: 183 [Q2] → 205 (+22) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 61

0.45% more ownership

Funds ownership: 70.86% [Q2] → 71.31% (+0.45%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $24 45% upside
• Avg. target: $29 74% upside
• High target: $35 112% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Goldman Sachs Caitlin Burrows 43% 1-year accuracy 9 / 21 met price target	45% upside $24	Buy Maintained	7 Jan 2025
Mizuho Haendel St. Juste 24% 1-year accuracy 4 / 17 met price target	51% upside $25	Neutral Maintained	31 Oct 2024
RBC Capital Kenneth Lee 64% 1-year accuracy 38 / 59 met price target	87% upside $31	Outperform Maintained	30 Oct 2024
JMP Securities Mitch Germain 27% 1-year accuracy 11 / 41 met price target	112% upside $35	Market Outperform Reiterated	29 Oct 2024