SL Green Realty Corp Rating Reiterated by Stifel Nicolaus (SLG)
SL Green Realty Corp (NYSE:SLG)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $120.00 price objective on the stock, up from their previous price objective of $112.00. Stifel Nicolaus’ price target would indicate a potential upside of 9.34% from the stock’s previous close.
SL Green Realty Corp (NYSE:SLG) traded down 1.89% on Friday, hitting $109.75. 705,559 shares of the company’s stock traded hands. SL Green Realty Corp has a one year low of $84.89 and a one year high of $112.94. The stock’s 50-day moving average is $110.1 and its 200-day moving average is $102.7. The company has a market cap of $10.886 billion and a P/E ratio of 23.66.
SL Green Realty Corp (NYSE:SLG) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.21. The company had revenue of $387.20 million for the quarter, compared to the consensus estimate of $280.62 million. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that SL Green Realty Corp will post $5.94 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of SL Green Realty Corp from $108.00 to $113.00 in a research note on Tuesday. Separately, analysts at Barclays raised their price target on shares of SL Green Realty Corp from $109.00 to $112.00 in a research note on Monday. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of SL Green Realty Corp from $107.00 to $119.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $109.79.
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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