Goldman Sachs analyst Caitlin Burrows maintains $Safehold (SAFE.US)$ with a buy rating, and adjusts the target price from $38 to $30.
According to TipRanks data, the analyst has a success rate of 62.2% and a total average return of 0.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Safehold (SAFE.US)$'s main analysts recently are as follows:
Safehold's third-quarter performance was deemed satisfactory, showcasing its unique position as the most interest-rate sensitive entity within its peer group. This distinction arises from the company's notably extended-duration leases and its business model that focuses on the spread of investments.
The firm recognizes the potential for long-term growth in shares due to the expansion of the emergent ground lease market. Additionally, considering the company's holdings of long-duration assets, a decrease in interest rates may also contribute to the performance of the share price.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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