SL Green Realty Corp Given Consensus Rating of “Buy” by Brokerages (NYSE:SLG)
Shares of SL Green Realty Corp (NYSE:SLG) have been given an average rating of “Buy” by the ten brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $110.07.
A number of research firms have recently commented on SLG. 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.
Shares of SL Green Realty Corp (NYSE:SLG) opened at 109.74 on Thursday. 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 $104.9. The company has a market cap of $10.491 billion and a P/E ratio of 22.78.
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. Analysts expect that SL Green Realty Corp will post $6.04 EPS 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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