SL Green Realty Corp. Receives Hold Rating from Jefferies Group (SLG)
SL Green Realty Corp. (NYSE:SLG)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Tuesday, American Banking & Market News reports. They currently have a $96.00 target price on the stock. Jefferies Group’s target price indicates a potential upside of 1.03% from the company’s current price.
SLG has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of SL Green Realty Corp. from $89.00 to $95.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Cantor Fitzgerald downgraded shares of SL Green Realty Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $99.00 price target on the stock. Finally, analysts at Cowen and Company downgraded shares of SL Green Realty Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, September 12th. They now have a $87.00 price target on the stock, down previously from $105.00. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. SL Green Realty Corp. currently has an average rating of “Hold” and an average target price of $93.33.
SL Green Realty Corp. (NYSE:SLG) traded up 0.96% during mid-day trading on Tuesday, hitting $95.02. The stock had a trading volume of 493,841 shares. SL Green Realty Corp. has a one year low of $70.73 and a one year high of $95.83. The stock has a 50-day moving average of $88.70 and a 200-day moving average of $88.51. The company has a market cap of $8.740 billion and a price-to-earnings ratio of 156.09.
SL Green Realty Corp. (NYSE:SLG) last announced its earnings results on Thursday, July 25th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.15. The company had revenue of $365.15 million for the quarter, compared to the consensus estimate of $288.45 million. During the same quarter last year, the company posted $1.94 earnings per share. SL Green Realty Corp.’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that SL Green Realty Corp. will post $5.03 EPS for the current fiscal year.
SL Green Realty Corp., incorporated on June, 10, 1997, is a self-managed real estate investment trust (NYSE:SLG), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.
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