RBC cuts target for Safehold stock from USD 16 to USD 13

Published on 10/20/2026 at 21:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC cuts its target to USD 13 from USD 16 on October 9, 2026. Safehold stock costs EUR 10.05 on October 20, 2026 at 9:37 p.m. CEST after hours.

Analyst target cut and results

RBC Capital cut its Safehold target from USD 16.00 to USD 13.00 on October 9, 2026.
Safehold reported USD 114.65 million in second-quarter 2026 revenue and USD 0.42 in earnings per share.
Safehold stock costs EUR 10.05 at Lang & Schwarz on October 20, 2026 at 9:37 p.m. CEST.

SAFE, US78646V1070, Illustration mit AI erstellt.

Safehold (ISIN US78646V1070) was the subject of a fresh analyst reset after RBC Capital cut its price target from USD 16.00 to USD 13.00 on October 9, 2026, while keeping a Sector Perform rating, as Markets Insider reported. Safehold was trading at EUR 10.05 at Lang & Schwarz on October 20, 2026 at 9:37 p.m. CEST.

RBC lowers the valuation bar

The target reduction leaves USD 13.00 as the latest named valuation level from RBC Capital. The firm cited higher funding costs and lower expected origination volumes as reasons for the change, according to Markets Insider.

Second-quarter revenue reached USD 114.65 million

Safehold reported USD 114.65 million in revenue for the second quarter of 2026, compared with a consensus estimate of USD 110.78 million. Reported earnings per share were USD 0.42 against a USD 0.42 consensus estimate, according to MarketBeat. The revenue figure was USD 3.87 million above the estimate, while earnings per share matched expectations.

Price position and valuation

The latest primary-market quote put Safehold at USD 11.28 on the NYSE on October 20, 2026 at 3:40 p.m. ET, with a USD 10.94 to USD 17.45 52-week range. That places the quote USD 0.34 above the yearly low and USD 6.17 below the yearly high. Safehold's market capitalization was USD 798.5 million, and its price-to-earnings ratio was 6.95 as of October 20, 2026.

Dividend and reporting calendar

Safehold's trailing dividend yield was 6.00 percent as of October 20, 2026. MarketBeat listed November 4, 2026 as the estimated date for the third-quarter report, but also stated that the company had not confirmed that date.

What the numbers mean for investors

The latest operating figures show revenue running above the second-quarter consensus, while the analyst revision points to financing conditions as the more immediate valuation constraint. For investors, the contrast is clear: USD 114.65 million of quarterly revenue exceeded expectations by USD 3.87 million, but the latest RBC target is USD 3.00 below its previous level.

Safehold stock remains tied to funding costs

The market picture combines a low single-digit price-to-earnings ratio with a target reduction tied to borrowing costs. Safehold's business is built around ground leases, so the cost and availability of financing remain central to how analysts assess future origination activity.

Current trading level

The latest euro quote gives German investors a dated after-hours reference for the stock, while the NYSE quotation provides the home-market context. No Xetra close is included because the available German-market records did not provide a dated Xetra closing value for the required comparison.

Safehold was trading at EUR 10.05 at Lang & Schwarz on October 20, 2026 at 9:37 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Safehold stock.