SL Green Realty Corporation (NYSE:SLG) had its price objective decreased by Stifel Nicolaus from $112.00 to $105.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.23% from the company’s previous close.

A number of other brokerages also recently weighed in on SLG. Morgan Stanley reiterated an “equal weight” rating and set 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 decreased their price target on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. BMO Capital Markets decreased their price target on SL Green Realty Corporation from $127.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, September 21st. Zacks Investment Research upgraded SL Green Realty Corporation from a “sell” rating to a “hold” rating in a report on Monday. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $115.29.

SL Green Realty Corporation (NYSE:SLG) opened at 97.92 on Tuesday. The firm has a 50-day moving average price of $100.37 and a 200-day moving average price of $102.57. SL Green Realty Corporation has a 1-year low of $93.90 and a 1-year high of $115.34. The firm has a market capitalization of $9.69 billion, a PE 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 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 for the quarter, compared to analyst estimates of $326.70 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. Equities analysts expect that SL Green Realty Corporation will post $0.24 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SLG. Meag Munich Ergo Kapitalanlagegesellschaft bought a new position in SL Green Realty Corporation in the 3rd quarter valued at about $4,637,000. KBC Group lifted its position in SL Green Realty Corporation by 41.4% in the 3rd quarter. KBC Group now owns 28,725 shares of the real estate investment trust’s stock valued at $3,106,000 after acquiring an additional 8,416 shares in the last quarter. Chevy Chase Trust Holdings lifted its position in SL Green Realty Corporation by 0.8% in the 4th quarter. Chevy Chase Trust Holdings now owns 80,548 shares of the real estate investment trust’s stock valued at $9,100,000 after acquiring an additional 609 shares in the last quarter. Fourth Swedish National Pension Fund lifted its position in SL Green Realty Corporation by 2.5% in the 4th quarter. Fourth Swedish National Pension Fund now owns 19,965 shares of the real estate investment trust’s stock valued at $2,270,000 after acquiring an additional 480 shares in the last quarter. Finally, Sarasin & Partners lifted its position in SL Green Realty Corporation by 3.9% in the 4th quarter. Sarasin & Partners now owns 53,254 shares of the real estate investment trust’s stock valued at $6,017,000 after acquiring an additional 2,020 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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