SL Green Realty Corp. Receives Consensus Rating of “Hold” from Brokerages (NYSE:SLG)
SL Green Realty Corp. (NYSE:SLG) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, AnalystRatingsNetwork reports. Six equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $100.81.
SLG has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of SL Green Realty Corp. from $100.00 to $107.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of SL Green Realty Corp. from $87.00 to $101.50 in a research note on Monday. Finally, analysts at Goldman Sachs initiated coverage on shares of SL Green Realty Corp. in a research note on Thursday, March 6th. They set a “neutral” rating on the stock.
SL Green Realty Corp. (NYSE:SLG) traded up 0.92% on Monday, hitting $102.42. The stock had a trading volume of 84,516 shares. SL Green Realty Corp. has a one year low of $83.00 and a one year high of $103.46. The stock has a 50-day moving average of $99.70 and a 200-day moving average of $94.69. The company has a market cap of $9.735 billion and a P/E ratio of 92.43.
SL Green Realty Corp. (NYSE:SLG) last announced its earnings results on Thursday, January 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. During the same quarter in the previous year, the company posted $1.16 earnings per share. On average, analysts predict that SL Green Realty Corp. will post $5.70 earnings per share 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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