SL Green Realty Corp. (SLG) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
SL Green Realty Corp. (NYSE:SLG) posted its quarterly earnings results on Thursday. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07, Stock Ratings News reports. During the same quarter in the previous year, the company posted $1.16 earnings per share.
On the ratings front, analysts at Morgan Stanley initiated coverage on shares of SL Green Realty Corp. in a research note to investors on Thursday, December 5th. They set an “equal weight” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. SL Green Realty Corp. currently has a consensus rating of “Hold” and an average price target of $95.44.
SL Green Realty Corp. (NYSE:SLG) opened at 92.02 on Thursday. SL Green Realty Corp. has a 52 week low of $78.89 and a 52 week high of $98.25. The stock has a 50-day moving average of $92.28 and a 200-day moving average of $91.3. The company has a market cap of $8.490 billion and a price-to-earnings ratio of 100.89.
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.