Morgan Stanley Upgrades Safehold to Equal-weight
Morgan Stanley has upgraded Safehold (SAFE) from Underweight to Equal-weight, suggesting that the market may have already priced in recent negative developments. The analyst noted that concerns regarding ground lease origination headwinds and the possibility of a dividend reduction might be fully reflected in the current stock price. Despite the upgrade, Morgan Stanley lowered its price target for Safehold from $13.00 to $12.00. Following the announcement, shares saw a modest increase, trading up 2.05% at $11.46 during morning session activity.
Topics: Dividend Policy Ground Lease Origination Price Target Stock Rating
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Part of the story Morgan Stanley Downgrades Block to Equal-Weight Citing Credit and Competitive Risks (2 articles)