Safehold (SAFE) shares were down about 2.6% in Thursday trading after JPMorgan downgraded the stock to underweight from neutral and cut its price target to $14 from $16.
Trading volume stood at more than 393,000 shares, compared with a daily average of about 346,000 shares.
Price: $12.58, Change: $-0.33, Percent Change: -2.56%