SL Green Realty Corporation (NYSE:SLG) had its price target hoisted by research analysts at Robert W. Baird from $120.00 to $121.00 in a note issued to investors on Monday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 24.23% from the stock’s current price.

Several other research firms have also weighed in on SLG. Morgan Stanley reissued an “equal weight” rating and issued a $104.00 target price (down previously from $106.00) on shares of SL Green Realty Corporation in a research note on Friday, September 1st. Barclays PLC cut their target price on SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “buy” rating and issued a $127.00 target price on shares of SL Green Realty Corporation in a research note on Tuesday, July 4th. Citigroup Inc. cut their target price on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. Finally, KeyCorp reissued a “buy” rating and issued a $130.00 target price on shares of SL Green Realty Corporation in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $115.79.

Shares of SL Green Realty Corporation (NYSE SLG) traded up 0.53% during trading on Monday, reaching $97.92. The company had a trading volume of 337,003 shares. 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. The firm has a market capitalization of $9.69 billion, a P/E ratio of 100.64 and a beta of 1.20.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share (EPS) 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 firm had revenue of $319.50 million for the quarter, compared to analyst estimates of $326.70 million. During the same period last year, the company earned $1.63 EPS. The company’s 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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Several large investors have recently bought and sold shares of SLG. Meag Munich Ergo Kapitalanlagegesellschaft bought a new position in shares of SL Green Realty Corporation during the third quarter worth about $4,637,000. KBC Group grew its holdings in shares of SL Green Realty Corporation by 41.4% during the third quarter. KBC Group now owns 28,725 shares of the real estate investment trust’s stock worth $3,106,000 after buying an additional 8,416 shares in the last quarter. Chevy Chase Trust Holdings grew its holdings in shares of SL Green Realty Corporation by 0.8% during the fourth quarter. Chevy Chase Trust Holdings now owns 80,548 shares of the real estate investment trust’s stock worth $9,100,000 after buying an additional 609 shares in the last quarter. Fourth Swedish National Pension Fund grew its holdings in shares of SL Green Realty Corporation by 2.5% during the fourth quarter. Fourth Swedish National Pension Fund now owns 19,965 shares of the real estate investment trust’s stock worth $2,270,000 after buying an additional 480 shares in the last quarter. Finally, Sarasin & Partners grew its holdings in shares of SL Green Realty Corporation by 3.9% during the fourth quarter. Sarasin & Partners now owns 53,254 shares of the real estate investment trust’s stock worth $6,017,000 after buying an additional 2,020 shares in the last quarter.

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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