SL Green Realty Corporation (NYSE:SLG) had its price objective cut by stock analysts at Citigroup Inc. from $125.00 to $123.00 in a report released on Monday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Citigroup Inc.’s price objective points to a potential upside of 26.28% from the stock’s current price.

Several other equities research analysts also recently issued reports on SLG. Morgan Stanley restated 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. Barclays PLC lowered their price target on SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. BMO Capital Markets restated a “buy” rating and issued a $127.00 price target on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. KeyCorp restated a “buy” rating and issued a $130.00 price target on shares of SL Green Realty Corporation in a report on Friday, August 25th. Finally, BidaskClub downgraded SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Two 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. SL Green Realty Corporation presently has a consensus rating of “Hold” and an average price target of $115.38.

Shares of SL Green Realty Corporation (SLG) traded up 0.59% during trading on Monday, reaching $97.97. The company had a trading volume of 102,258 shares. The firm has a market capitalization of $9.70 billion, a P/E ratio of 100.69 and a beta of 1.20. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $115.34. The company has a 50 day moving average of $100.35 and a 200-day moving average of $102.72.

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

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Large investors have recently bought and sold shares of the stock. Forum Securities Ltd grew its holdings in shares of SL Green Realty Corporation by 10.0% during the second quarter. Forum Securities Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 100 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of SL Green Realty Corporation during the fourth quarter worth about $151,000. Amica Retiree Medical Trust grew its holdings in shares of SL Green Realty Corporation by 54.0% during the third quarter. Amica Retiree Medical Trust now owns 1,426 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 500 shares in the last quarter. Global X Management Co. LLC grew its holdings in shares of SL Green Realty Corporation by 76.6% during the third quarter. Global X Management Co. LLC now owns 1,448 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 628 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in shares of SL Green Realty Corporation by 11.3% during the second quarter. Checchi Capital Advisers LLC now owns 1,644 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 167 shares in the last quarter.

SL Green Realty Corporation Company Profile

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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