SafeholdSAFE
Market Cap: $1.9B
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 Q2 SEC filings by fund managers ($100M+ AUM)
14% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 22
2% more funds holding
Funds holding: 181 [Q1] → 184 (+3) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 60
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
1.44% less ownership
Funds ownership: 70.23% [Q1] → 68.79% (-1.44%) [Q2]
7% less capital invested
Capital invested by funds: $1.02B [Q1] → $948M (-$75.3M) [Q2]
13% less call options, than puts
Call options by funds: $3.94M | Put options by funds: $4.55M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Ki Bin Kim 73% 1-year accuracy 29 / 40 met price target | 17%downside $22 | Hold Maintained | 5 Aug 2024 |
Wedbush Richard Anderson 87% 1-year accuracy 34 / 39 met price target | 6%downside $25 | Neutral Maintained | 31 Jul 2024 |
Goldman Sachs Caitlin Burrows 56% 1-year accuracy 18 / 32 met price target | 9%upside $29 | Buy Maintained | 28 Jun 2024 |