Mizuho Securities analyst Haendel St. Juste maintains $Safehold (SAFE.US)$ with a hold rating, and adjusts the target price from $20 to $25.
According to TipRanks data, the analyst has a success rate of 53.9% and a total average return of 4.1% 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 described as 'decent,' with attention drawn to its status as the most interest-rate sensitive entity in its cohort, due to its extensive-duration leases and investment spread business approach.
The firm maintains a positive outlook on Safehold, citing potential long-term growth stemming from the emerging ground lease market. Additionally, the company's long-duration assets may benefit from decreasing interest rates, which could further influence share price performance.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
