Analyst Rating Update on SL Green Realty Corporation (SLG)

SL Green Realty Corporation (NYSE:SLG) : The consensus on SL Green Realty Corporation (NYSE:SLG) based on 15 analyst recommendation on the company stock is 1.53, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

SL Green Realty Corporation (NYSE:SLG) stock is expected to deviate a maximum of $7.87 from the average target price of $121.17 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $131 and the most muted being $107.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm UBS maintains its rating on SL Green Realty Corporation (NYSE:SLG). As per the latest information, the brokerage house lowers the price target to $115 per share from a prior target of $117. The shares have been rated Buy. The rating by the firm was issued on May 20, 2016.

SL Green Realty Corporation (NYSE:SLG): stock turned positive on Tuesday. Though the stock opened at $99.02, the bulls momentum made the stock top out at $99.98 level for the day. The stock recorded a low of $98.69 and closed the trading day at $99.93, in the green by 2.82%. The total traded volume for the day was 968,545. The stock had closed at $97.19 in the previous days trading.

In an insider trading activity, Levy John S, director of Sl Green Realty Corp, unloaded 12,000 shares at an average price of $105.39 on April 25, 2016. The total amount of the transaction was worth $1,264,680, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.