Safehold (SAFE)

• Market cap: $1.16B
• 1 day: 3.11%
• 5 days: 2.01%
• 1 month: -11.40%
• 3 months: -26.70%
• 6 months: -29.87%
• Year to date: -13.06%
• 1 year: -20.38%
• 5 years: -64.33%
• 10 years: -14.47%
• 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 (+$360M) [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

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

• Low target: $19 17% upside
• Avg. target: $23 39% upside
• High target: $25 54% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Morgan Stanley Richard Hill 0 / 0 met price target	17% upside $19	Equal-Weight Downgraded	15 Jan 2025
Goldman Sachs Caitlin Burrows 45% 1-year accuracy 10 / 22 met price target	48% upside $24	Buy Maintained	7 Jan 2025
Mizuho Haendel St. Juste 59% 1-year accuracy 10 / 17 met price target	54% upside $25	Neutral Maintained	31 Oct 2024