Safehold (SAFE)

• Market cap: $1.33B
• 1 day: -1.01%
• 5 days: 1.64%
• 1 month: 6.45%
• 3 months: -8.76%
• 6 months: -29.95%
• Year to date: -0.27%
• 1 year: -8.00%
• 5 years: -63.55%
• 10 years: -1.89%
• 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 are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Employees: 74

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

85% more call options, than puts

Call options by funds: $2.56M | Put options by funds: $1.39M

55% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 51

1.84% less ownership

Funds ownership: 71.33% [Q3] → 69.49% (-1.84%) [Q4]

6% less funds holding

Funds holding: 206 [Q3] → 194 (-12) [Q4]

26% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 34

31% less capital invested

Capital invested by funds: $1.34B [Q3] → $918M (-$419M) [Q4]

60% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 2 (-3) [Q4]

Research analyst outlook

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

• Low target: $19 2% upside
• Avg. target: $24 26% upside
• High target: $32 72% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

JMP Securities Mitch Germain 67% 1-year accuracy 28 / 42 met price target	72% upside $32	Market Outperform Maintained	11 Feb 2025
Wedbush Richard Anderson 71% 1-year accuracy 24 / 34 met price target	2% upside $19	Neutral Reiterated	7 Feb 2025
Morgan Stanley Richard Hill 0 / 0 met price target	2% upside $19	Equal-Weight Downgraded	15 Jan 2025
Goldman Sachs Caitlin Burrows 58% 1-year accuracy 15 / 26 met price target	29% upside $24	Buy Maintained	7 Jan 2025