Truist Securities Maintains Hold Rating for Safehold: Here's What You Need To Know

Truist Securities has decided to maintain its Hold rating of Safehold SAFE and lower its price target from $31.00 to $24.00.

Shares of Safehold are trading up 1.4% over the last 24 hours, at $20.28 per share.

A move to $24.00 would account for a 18.34% increase from the current share price.

About Safehold

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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.