SL Green Realty Corporation (NYSE:SLG)‘s stock had its “buy” rating restated by BMO Capital Markets in a report issued on Thursday. They presently have a $125.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 28.34% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut SL Green Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of SL Green Realty Corporation in a report on Tuesday, September 26th. Morgan Stanley reissued an “equal weight” rating and issued a $104.00 price target (down from $106.00) on shares of SL Green Realty Corporation in a report on Friday, September 1st. Bank of America Corporation cut SL Green Realty Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $113.00 to $110.00 in a report on Wednesday, August 16th. Finally, BidaskClub cut SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $115.54.

Shares of SL Green Realty Corporation (NYSE SLG) traded down 1.28% during midday trading on Thursday, reaching $97.40. 986,351 shares of the company were exchanged. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $115.34. The stock has a market capitalization of $9.64 billion, a P/E ratio of 100.10 and a beta of 1.20. The company has a 50 day moving average price of $100.35 and a 200-day moving average price of $102.72.

SL Green Realty Corporation (NYSE:SLG) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($1.17). SL Green Realty Corporation had a return on equity of 1.51% and a net margin of 7.70%. The business had revenue of $319.50 million during the quarter, compared to analysts’ expectations of $326.70 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts forecast that SL Green Realty Corporation will post $0.24 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Somerset Trust Co raised its holdings in SL Green Realty Corporation by 0.5% during the 2nd quarter. Somerset Trust Co now owns 4,052 shares of the real estate investment trust’s stock valued at $429,000 after buying an additional 19 shares during the period. Keybank National Association OH raised its holdings in SL Green Realty Corporation by 2.3% during the 2nd quarter. Keybank National Association OH now owns 3,533 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 79 shares during the period. Louisiana State Employees Retirement System raised its holdings in SL Green Realty Corporation by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in SL Green Realty Corporation by 1.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,565 shares of the real estate investment trust’s stock valued at $800,000 after buying an additional 104 shares during the period. Finally, GAM Holding AG raised its holdings in SL Green Realty Corporation by 1.1% during the 2nd quarter. GAM Holding AG now owns 12,259 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 135 shares during the period.

About SL Green Realty Corporation

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

Analyst Recommendations for SL Green Realty Corporation (NYSE:SLG)

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