Safehold (SAFE)

• Market cap: $1.09B
• 1 day: 0.83%
• 5 days: 2.94%
• 1 month: -15.87%
• 3 months: -3.08%
• 6 months: -28.96%
• Year to date: -15.73%
• 1 year: -13.65%
• 5 years: -72.73%
• 10 years: -17.11%
• Sector: Real Estate
• Industry: Diversified REIT

About: 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 are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Employees: 74

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

85% more call options, than puts

Call options by funds: $2.56M | Put options by funds: $1.39M

60% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 50

0.91% less ownership

Funds ownership: 70.41% [Q3] → 69.49% (-0.91%) [Q4]

6% less funds holding

Funds holding: 206 [Q3] → 194 (-12) [Q4]

26% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 34

30% less capital invested

Capital invested by funds: $1.32B [Q3] → $918M (-$402M) [Q4]

60% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 2 (-3) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $17 8% upside
• Avg. target: $22 40% upside
• High target: $32 103% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Morgan Stanley Richard Hill 100% 1-year accuracy 1 / 1 met price target	8% upside $17	Equal-Weight Maintained	29 Apr 2025
Mizuho Haendel St. Juste 65% 1-year accuracy 11 / 17 met price target	21% upside $19	Neutral Maintained	3 Apr 2025
Wedbush Richard Anderson 42% 1-year accuracy 14 / 33 met price target	27% upside $20	Neutral Reiterated	1 Apr 2025
JMP Securities Mitch Germain 34% 1-year accuracy 14 / 41 met price target	103% upside $32	Market Outperform Maintained	11 Feb 2025