SL Green Realty Corp Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:SLG)
Shares of SL Green Realty Corp (NYSE:SLG) have received an average rating of “Buy” from the ten brokerages that are covering the company, Analyst RN reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $110.07.
SL Green Realty Corp (NYSE:SLG) traded up 0.15% on Thursday, hitting $111.29. The stock had a trading volume of 41,512 shares. SL Green Realty Corp has a 52-week low of $84.89 and a 52-week high of $112.94. The stock has a 50-day moving average of $109.3 and a 200-day moving average of $104.8. The company has a market cap of $10.639 billion and a P/E ratio of 22.95.
SL Green Realty Corp (NYSE:SLG) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.42 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that SL Green Realty Corp will post $6.04 EPS for the current fiscal year.
A number of analysts have recently weighed in on SLG shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of SL Green Realty Corp in a research note on Tuesday, July 29th. They now have a $121.00 price target on the stock, up previously from $119.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of SL Green Realty Corp in a research note on Friday, July 25th. They now have a $120.00 price target on the stock, up previously from $112.00. Finally, 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, July 22nd.
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.