SL Green Realty Corp. PT Raised to $103.00 (SLG)
Stock analysts at JPMorgan Chase & Co. upped their target price on shares of SL Green Realty Corp. (NYSE:SLG) from $96.00 to $103.00 in a report issued on Thursday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 6.63% from the stock’s previous close.
Shares of SL Green Realty Corp. (NYSE:SLG) traded up 1.33% on Thursday, hitting $96.60. 664,020 shares of the company’s stock traded hands. SL Green Realty Corp. has a 52 week low of $70.73 and a 52 week high of $95.83. The stock’s 50-day moving average is $88.70 and its 200-day moving average is $88.51. The company has a market cap of $8.885 billion and a price-to-earnings ratio of 158.09.
SL Green Realty Corp. (NYSE:SLG) last announced its earnings results on Thursday, October 24th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.06. The company had revenue of $363.77 million for the quarter, compared to the consensus estimate of $285.51 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis.
A number of other firms have also recently commented on SLG. Analysts at Jefferies Group reiterated a “hold” rating on shares of SL Green Realty Corp. in a research note to investors on Tuesday. They now have a $96.00 price target on the stock. Separately, 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. Finally, 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, October 18th. They now have a $99.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $94.30.
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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