Goldman Sachs Maintains Buy Rating for Safehold: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Safehold SAFE and raise its price target from $22.00 to $25.00.

Shares of Safehold are trading up 0.71% over the last 24 hours, at $19.83 per share.

A move to $25.00 would account for a 26.07% 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.

About Analyst Ratings

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