SL Green Realty (NYSE:SLG)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks in a research report issued to clients and investors on Monday. They presently have a $110.00 price objective on the real estate investment trust’s stock. SunTrust Banks’ price objective suggests a potential upside of 17.13% from the company’s previous close.
Several other brokerages have also weighed in on SLG. BTIG Research raised SL Green Realty from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research lowered SL Green Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “buy” rating and issued a $130.00 target price on shares of SL Green Realty in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $125.00 target price on shares of SL Green Realty in a research report on Thursday, October 19th. Finally, Stifel Nicolaus cut their target price on SL Green Realty from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $114.92.
Shares of SL Green Realty (SLG) traded down $0.20 on Monday, hitting $93.91. The company had a trading volume of 1,699,800 shares, compared to its average volume of 854,269. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.38. The stock has a market cap of $9,228.13, a price-to-earnings ratio of 91.18, a P/E/G ratio of 2.34 and a beta of 1.18. SL Green Realty has a twelve month low of $92.95 and a twelve month high of $115.34.
In related news, Director John S. Levy sold 6,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $103.23, for a total value of $619,380.00. Following the completion of the sale, the director now directly owns 21,827 shares in the company, valued at approximately $2,253,201.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc Holliday sold 160,000 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $100.63, for a total value of $16,100,800.00. The disclosure for this sale can be found here. 2.99% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in SLG. Capital Investment Counsel Inc acquired a new stake in shares of SL Green Realty during the third quarter valued at about $213,000. Cubist Systematic Strategies LLC acquired a new stake in shares of SL Green Realty during the third quarter valued at about $270,000. Koch Industries Inc. acquired a new stake in shares of SL Green Realty during the second quarter valued at about $316,000. ING Groep NV acquired a new stake in shares of SL Green Realty during the third quarter valued at about $350,000. Finally, Telos Capital Management Inc. acquired a new stake in shares of SL Green Realty during the third quarter valued at about $402,000.
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SL Green Realty 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.
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