Initiated Neutral X

SAFE Safehold

Cantor Fitzgerald

$17

Downgrades Overweight Eq-Weight X

SAFE Safehold

Morgan Stanley

$30 $19

Upgrades Mkt Perform Outperform X

SAFE Safehold

Raymond James

$34

Downgrades Buy Neutral X

SAFE Safehold

Mizuho

$22 $20

Initiated Mkt Outperform X

SAFE Safehold

JMP Securities

$35

Initiated Buy X

SAFE Safehold

Jefferies

$33

Resumed Overweight X

SAFE Safehold

Morgan Stanley

$33

Initiated Neutral X

SAFE Safehold

Wedbush

$19

Initiated Buy X

SAFE Safehold

Goldman

$25

Initiated Outperform X

SAFE Safehold

RBC Capital Mkts

$41

Resumed Neutral X

SAFE Safehold

JP Morgan

$29

Initiated Outperform X

SAFE Safehold

Exane BNP Paribas

Downgrades Outperform Neutral X

SAFE Safehold

SMBC Nikko

$33

Upgrades Neutral Buy X

SAFE Safehold

Mizuho

$75 $50

Initiated Overweight X

SAFE Safehold

Morgan Stanley

$150

Downgrades Buy Neutral X

SAFE Safehold

Mizuho

$96 $75

Initiated Buy X

SAFE Safehold

Goldman

$101

Downgrades Overweight Underweight X

SAFE Safehold

Barclays

$23 $25

Downgrades Neutral Underperform X

SAFE Safety, Income and Growth

BofA/Merrill

SAFE  Safety, Income and Growth, Inc.

Safety, Income and Growth, Inc. is formed primarily to acquire, own, manage, finance and capitalize ground net leases (GNLs). The Company’s portfolio consists of 12 properties, which includes Doubletree Seattle Airport, One Ally Center, Hilton Salt Lake, Doubletree Mission Valley, Doubletree Sonoma, Doubletree Durango, Dallas Market Center: Sheraton Suites, Northside Forsyth Hospital Medical Center, NASA/JPSS Headquarters, The Buckler Apartments, Dallas Market Center: Marriott Courtyard and Lock Up Self Storage Facility.