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Recommendations
Truist 'not overly concerned' by Safehold earnings miss » 10:56
07/22/21
07/22
10:56
07/22/21
10:56
SAFE

Safehold

$84.00 /

-1.66 (-1.94%)

Truist analyst Ki Bin Kim…

Truist analyst Ki Bin Kim is "not overly concerned" by the earnings miss reported by Safehold, attributing it to "modeling nuances." Bin Kim says he did not model in the recent bond issuance, which makes up 2c of the miss, and he notes that revenue was lower than modeled despite Safehold executing on more deals than expected. This is likely a timing element of when the deals closed, which should resolve itself by next quarter, Bin Kim tells investors in a research note. He keeps a Hold rating on the shares with a $70 price target.

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SAFE Safehold
$84.00 /

-1.66 (-1.94%)

SAFE Safehold
$84.00 /

-1.66 (-1.94%)

06/23/21
Fly Intel: Top five analyst initiations
06/23/21 B. Riley
Safehold initiated with a Buy, $100 target at B. Riley
06/22/21 B. Riley
Safehold initiated with a Buy at B. Riley
03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
SAFE Safehold
$84.00 /

-1.66 (-1.94%)

  • 11
    Nov
SAFE Safehold
$84.00 /

-1.66 (-1.94%)

Earnings
Safehold reports Q2 EPS 28c, consensus 33c » 07:33
07/22/21
07/22
07:33
07/22/21
07:33
SAFE

Safehold

$85.39 /

+0.53 (+0.62%)

Reports Q2 revenue…

Reports Q2 revenue $44.2M, consensus $45.57M. "During Q2, Safehold grew its portfolio by over $200M, while innovatively expanding its suite of products to capture pre-development opportunities," said CEO Jay Sugarman. "With ample liquidity on hand, a robust pipeline, and a lower cost of capital, Safehold is well positioned to continue to drive growth and deliver modern ground lease capital to a broader customer base."

ShowHide Related Items >><<
SAFE Safehold
$85.39 /

+0.53 (+0.62%)

SAFE Safehold
$85.39 /

+0.53 (+0.62%)

06/23/21
Fly Intel: Top five analyst initiations
06/23/21 B. Riley
Safehold initiated with a Buy, $100 target at B. Riley
06/22/21 B. Riley
Safehold initiated with a Buy at B. Riley
03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
SAFE Safehold
$85.39 /

+0.53 (+0.62%)

  • 11
    Nov
SAFE Safehold
$85.39 /

+0.53 (+0.62%)

Over a month ago
Initiation
Fly Intel: Top five analyst initiations » 09:58
06/23/21
06/23
09:58
06/23/21
09:58
SAFE

Safehold

$81.08 /

+1.38 (+1.73%)

, CARR

Carrier Global

$46.23 /

+0.26 (+0.57%)

, TTGT

TechTarget

$75.69 /

+1.11 (+1.49%)

, CMBM

Cambium Networks

$47.91 /

+1.365 (+2.93%)

, CEVA

Ceva

$43.92 /

+0.18 (+0.41%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Safehold (SAFE) initiated with a Buy at B. Riley. 2. Carrier Global (CARR) initiated with a Buy at Deutsche Bank. 3. TechTarget (TTGT) initiated with a Buy at Deutsche Bank. 4. Cambium Networks (CMBM) initiated with an Outperform at Barrington. 5. Ceva (CEVA) initiated with a Neutral at Rosenblatt. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
TTGT TechTarget
$75.69 /

+1.11 (+1.49%)

SAFE Safehold
$81.08 /

+1.38 (+1.73%)

CEVA Ceva
$43.92 /

+0.18 (+0.41%)

CARR Carrier Global
$46.23 /

+0.26 (+0.57%)

SAFE Safehold
$81.08 /

+1.38 (+1.73%)

06/23/21 B. Riley
Safehold initiated with a Buy, $100 target at B. Riley
06/22/21 B. Riley
Safehold initiated with a Buy at B. Riley
03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
CARR Carrier Global
$46.23 /

+0.26 (+0.57%)

06/23/21 Deutsche Bank
Deutsche starts Carrier Global at Buy, calls 'cheapest HVAC name'
06/22/21 Deutsche Bank
Carrier Global initiated with a Buy at Deutsche Bank
04/30/21
Fly Intel: Top five analyst downgrades
04/30/21 Atlantic Equities
Carrier Global downgraded to Neutral from Overweight at Atlantic Equities
TTGT TechTarget
$75.69 /

+1.11 (+1.49%)

06/23/21 Deutsche Bank
TechTarget initiated with a Buy at Deutsche Bank
05/06/21 Craig-Hallum
TechTarget price target lowered to $92 from $112 at Craig-Hallum
04/08/21 KeyBanc
TechTarget initiated with an Overweight at KeyBanc
03/16/21
Fly Intel: Top five analyst initiations
CMBM Cambium Networks
$47.91 /

+1.365 (+2.93%)

06/23/21 Barrington
Cambium Networks initiated with an Outperform at Barrington
06/08/21 Jefferies
Telecom capex spending environment improving modestly, says Jefferies
06/01/21 Jefferies
Nearly 10% of ARPA funds going to broadband, says Jefferies
04/07/21 Jefferies
Cambium Networks price target raised to $66 from $52 at Jefferies
CEVA Ceva
$43.92 /

+0.18 (+0.41%)

06/23/21 Rosenblatt
Ceva initiated with a Neutral, $50 price target at Rosenblatt
06/22/21 Rosenblatt
Ceva initiated with a Neutral at Rosenblatt
05/11/21 Barclays
Ceva upgraded to Overweight from Equal Weight at Barclays
05/11/21 Northland
Ceva upgraded to Outperform at Northland after Q1 report
TTGT TechTarget
$75.69 /

+1.11 (+1.49%)

SAFE Safehold
$81.08 /

+1.38 (+1.73%)

CMBM Cambium Networks
$47.91 /

+1.365 (+2.93%)

CEVA Ceva
$43.92 /

+0.18 (+0.41%)

CARR Carrier Global
$46.23 /

+0.26 (+0.57%)

  • 03
    Jun
  • 04
    Dec
  • 11
    Nov
SAFE Safehold
$81.08 /

+1.38 (+1.73%)

CARR Carrier Global
$46.23 /

+0.26 (+0.57%)

Initiation
Safehold initiated with a Buy, $100 target at B. Riley » 05:52
06/23/21
06/23
05:52
06/23/21
05:52
SAFE

Safehold

$79.94 /

+1.47 (+1.87%)

, STAR

iStar

$18.60 /

+0.1 (+0.54%)

B. Riley analyst Matt…

B. Riley analyst Matt Howlett last night initiated coverage of Safehold with a Buy rating and $100 price target. The analyst estimates the company creates 40c for every $1 of equity it deploys, or effectively a 40% accretion to its investment. When this "value-creating" operating model is coupled with Safehold's "substantial premium to GAAP book value," a "virtuous cycle" is created in which "substantial accretion can be realized by issuing stock," Howlett tells investors in a research note. He expects Safehold and iStar (STAR) will merge by mid 2023 with Safehold being the surviving entity, "which will likely create further synergies."

ShowHide Related Items >><<
STAR iStar
$18.60 /

+0.1 (+0.54%)

SAFE Safehold
$79.94 /

+1.47 (+1.87%)

SAFE Safehold
$79.94 /

+1.47 (+1.87%)

06/22/21 B. Riley
Safehold initiated with a Buy at B. Riley
03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
STAR iStar
$18.60 /

+0.1 (+0.54%)

06/23/21 B. Riley
iStar initiated with a Buy, $35 price target at B. Riley
06/22/21 B. Riley
iStar initiated with a Buy at B. Riley
STAR iStar
$18.60 /

+0.1 (+0.54%)

SAFE Safehold
$79.94 /

+1.47 (+1.87%)

  • 11
    Nov
SAFE Safehold
$79.94 /

+1.47 (+1.87%)

Initiation
Safehold initiated with a Buy at B. Riley » 20:23
06/22/21
06/22
20:23
06/22/21
20:23
SAFE

Safehold

$79.94 /

+1.47 (+1.87%)

B. Riley analyst Matthew…

B. Riley analyst Matthew Howlett initiated coverage of Safehold with a Buy rating and $100 price target.

ShowHide Related Items >><<
SAFE Safehold
$79.94 /

+1.47 (+1.87%)

SAFE Safehold
$79.94 /

+1.47 (+1.87%)

03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
11/12/20 Mizuho
Safehold price target raised to $75 from $70 at Mizuho
SAFE Safehold
$79.94 /

+1.47 (+1.87%)

  • 11
    Nov
SAFE Safehold
$79.94 /

+1.47 (+1.87%)

Hot Stocks
Safehold increases quarterly stock dividend by 4.8% to 17c per share » 07:36
06/14/21
06/14
07:36
06/14/21
07:36
SAFE

Safehold

$76.95 /

+0.65 (+0.85%)

Safehold announced that…

Safehold announced that the Company's Board of Directors has declared common stock dividends of 17c per share for the second quarter of 2021. The dividend represents an annualized rate of 68c per share and is payable on July 15 to holders of record on June 30.

ShowHide Related Items >><<
SAFE Safehold
$76.95 /

+0.65 (+0.85%)

SAFE Safehold
$76.95 /

+0.65 (+0.85%)

03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
11/12/20 Mizuho
Safehold price target raised to $75 from $70 at Mizuho
SAFE Safehold
$76.95 /

+0.65 (+0.85%)

  • 11
    Nov
SAFE Safehold
$76.95 /

+0.65 (+0.85%)

On The Fly
Fly Insider: Goedeker, AMC among week's notable insider trades » 14:18
06/07/21
06/07
14:18
06/07/21
14:18
SAFE

Safehold

$73.06 /

+2.01 (+2.83%)

, GOED

1847 Goedeker

$3.16 /

+0.52 (+19.70%)

, FEYE

FireEye

$19.71 /

+0.8 (+4.23%)

, OPK

Opko Health

$3.80 /

+0.195 (+5.42%)

, ABNB

Airbnb

$148.08 /

-2.58 (-1.71%)

, AFL

Aflac

$57.42 /

-0.02 (-0.03%)

, AMC

AMC Entertainment

$55.82 /

+7.74 (+16.10%)

Welcome to "Fly Insider,"…

ShowHide Related Items >><<
SAFE Safehold
$73.06 /

+2.01 (+2.83%)

OPK Opko Health
$3.80 /

+0.195 (+5.42%)

GOED 1847 Goedeker
$3.16 /

+0.52 (+19.70%)

FEYE FireEye
$19.71 /

+0.8 (+4.23%)

AMC AMC Entertainment
$55.82 /

+7.74 (+16.10%)

AFL Aflac
$57.42 /

-0.02 (-0.03%)

ABNB Airbnb
$148.08 /

-2.58 (-1.71%)

SAFE Safehold
$73.06 /

+2.01 (+2.83%)

03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
11/12/20 Mizuho
Safehold price target raised to $75 from $70 at Mizuho
GOED 1847 Goedeker
$3.16 /

+0.52 (+19.70%)

FEYE FireEye
$19.71 /

+0.8 (+4.23%)

06/03/21 Baird
FireEye rebranding reduces financial visibility, says Baird
06/03/21 Morgan Stanley
FireEye break up makes sense, but upside 'less clear,' says Morgan Stanley
05/10/21 Goldman Sachs
FireEye could be direct beneficiary of pipeline cyberattack, says Goldman Sachs
02/04/21
Fly Intel: Top five analyst upgrades
OPK Opko Health
$3.80 /

+0.195 (+5.42%)

02/19/21 Barrington
Opko Health price target raised to $8 from $7 at Barrington
07/31/20 Piper Sandler
Opko Health price target raised to $10 from $6 at Piper Sandler
07/08/20 Piper Sandler
Opko Health price target raised to $6 from $4 at Piper Sandler
06/09/20 Piper Sandler
Opko Health price target raised to $4 from $3 at Piper Sandler
ABNB Airbnb
$148.08 /

-2.58 (-1.71%)

05/26/21 RBC Capital
Airbnb initiated with an Outperform at RBC Capital
05/24/21 Truist
Airbnb's new flexiblity features 'particularly promising,' says Truist
05/21/21 Morgan Stanley
Airbnb price target lowered to $125 from $160 at Morgan Stanley
05/14/21
Fly Intel: Top five analyst upgrades
AFL Aflac
$57.42 /

-0.02 (-0.03%)

05/03/21 Goldman Sachs
Aflac price target raised to $47 from $46 at Goldman Sachs
04/30/21 Truist
Aflac price target raised to $54 from $48 at Truist
04/30/21 RBC Capital
Aflac price target raised to $56 from $47 at RBC Capital
04/20/21 UBS
Aflac initiated with a Neutral at UBS
AMC AMC Entertainment
$55.82 /

+7.74 (+16.10%)

06/07/21 B. Riley
Box office trends improving into summer, says B. Riley
06/04/21 BofA
BofA moves to No Rating on Bed Bath & Beyond amid 'meme mania'
06/04/21 Wedbush
AMC Entertainment price target raised to $7.50 from $6.50 at Wedbush
06/01/21 Loop Capital
AMC Entertainment remains massively diluted, overlevered, says Loop Capital
SAFE Safehold
$73.06 /

+2.01 (+2.83%)

OPK Opko Health
$3.80 /

+0.195 (+5.42%)

FEYE FireEye
$19.71 /

+0.8 (+4.23%)

AMC AMC Entertainment
$55.82 /

+7.74 (+16.10%)

AFL Aflac
$57.42 /

-0.02 (-0.03%)

ABNB Airbnb
$148.08 /

-2.58 (-1.71%)

  • 28
    May
  • 10
    Dec
  • 11
    Nov
  • 31
    Jul
FEYE FireEye
$19.71 /

+0.8 (+4.23%)

AMC AMC Entertainment
$55.82 /

+7.74 (+16.10%)

ABNB Airbnb
$148.08 /

-2.58 (-1.71%)

SAFE Safehold
$73.06 /

+2.01 (+2.83%)

OPK Opko Health
$3.80 /

+0.195 (+5.42%)

FEYE FireEye
$19.71 /

+0.8 (+4.23%)

AMC AMC Entertainment
$55.82 /

+7.74 (+16.10%)

ABNB Airbnb
$148.08 /

-2.58 (-1.71%)

OPK Opko Health
$3.80 /

+0.195 (+5.42%)

FEYE FireEye
$19.71 /

+0.8 (+4.23%)

AMC AMC Entertainment
$55.82 /

+7.74 (+16.10%)

AFL Aflac
$57.42 /

-0.02 (-0.03%)

ABNB Airbnb
$148.08 /

-2.58 (-1.71%)

Hot Stocks
Safehold announces Jeremy Fox-Green to step down as CFO » 12:24
05/07/21
05/07
12:24
05/07/21
12:24
SAFE

Safehold

$71.03 /

+0.47 (+0.67%)

Safehold announced that…

Safehold announced that CFO Jeremy Fox-Geen will be leaving Safehold's manager, iStar Inc., this month to join a company in the cryptocurrency infrastructure space. Jay Sugarman, CEO, commented, "We thank Jeremy for his contributions at Safehold, and wish him well in his next endeavor. Given our strong capital markets and investor relations teams, as well as our deep accounting and tax team, we will not seek a replacement in the near term, while we continue to execute upon our strategy of scaling the ground lease ecosystem and ensuring the full value of our portfolio is recognized by investors."

ShowHide Related Items >><<
SAFE Safehold
$71.03 /

+0.47 (+0.67%)

SAFE Safehold
$71.03 /

+0.47 (+0.67%)

03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
11/12/20 Mizuho
Safehold price target raised to $75 from $70 at Mizuho
SAFE Safehold
$71.03 /

+0.47 (+0.67%)

  • 11
    Nov
Over a quarter ago
Earnings
Safehold reports Q1 EPS 32c, consensus 33c » 07:36
04/22/21
04/22
07:36
04/22/21
07:36
SAFE

Safehold

$70.37 /

+1.0701 (+1.54%)

Reports Q1 revenue…

Reports Q1 revenue $43.5M, consensus $43.02M. "Following our recent investment grade ratings from Moody's and Fitch, Safehold recast a new $1.0 billion revolving credit facility, which will allow us to more efficiently deliver better ground lease capital to our customers," said Jay Sugarman, Chairman and Chief Executive Officer. "With our ample liquidity and growing pipeline, we are excited to see the markets opening up as we continue to lead the expansion of the modern ground lease industry."

ShowHide Related Items >><<
SAFE Safehold
$70.37 /

+1.0701 (+1.54%)

SAFE Safehold
$70.37 /

+1.0701 (+1.54%)

03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
11/12/20 Mizuho
Safehold price target raised to $75 from $70 at Mizuho
SAFE Safehold
$70.37 /

+1.0701 (+1.54%)

  • 11
    Nov
Conference/Events
Safehold participates in a conference call with Truist » 10:25
03/31/21
03/31
10:25
03/31/21
10:25
SAFE

Safehold

$70.71 /

+0.09 (+0.13%)

Conference call with…

Conference call with Chairman & CEO Sugarman will be held on March 31 at 11 am.

ShowHide Related Items >><<
SAFE Safehold
$70.71 /

+0.09 (+0.13%)

SAFE Safehold
$70.71 /

+0.09 (+0.13%)

03/30/21 Goldman Sachs
Safehold price target lowered to $95 from $112 at Goldman Sachs
02/12/21 Mizuho
Safehold price target raised to $85 from $75 at Mizuho
01/27/21 Goldman Sachs
Safehold initiated with a Buy at Goldman Sachs
11/12/20 Mizuho
Safehold price target raised to $75 from $70 at Mizuho
SAFE Safehold
$70.71 /

+0.09 (+0.13%)

  • 11
    Nov

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