The Analyst Landscape: 7 Takes On Safehold
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Safehold (NYSE:SAFE), with a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target for SAFE has been adjusted to $26.71, slightly up from $26.67. Analysts from firms including JP Morgan, Truist Securities, Mizuho, RBC Capital, and JMP Securities have revised their price targets and ratings, reflecting a cautious but slightly positive outlook on the company's performance. Safehold, a REIT focusing on ground leases, has shown a solid revenue growth rate of 40.42% and a high net margin of 39.97%, although its ROE and ROA are below industry averages.
April 17, 2024 | 6:01 pm
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Safehold has received mixed analyst ratings with a slight increase in the average price target to $26.71, indicating a cautiously optimistic outlook. The company's strong revenue growth and high net margin are positive, but below-average ROE and ROA could be concerns.
The slight increase in the average price target reflects a cautiously optimistic outlook from analysts, despite some concerns. The strong revenue growth and high net margin are significant positives that could drive short-term interest in SAFE. However, the below-average ROE and ROA are areas that investors will watch closely, potentially limiting the upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100