Credit Suisse Upgrades SL Green Realty Corp to Neutral with Price Target $105.00

Brokerage firm Credit Suisse Upgrades its rating on SL Green Realty Corp(NYSE:SLG). In a research note issued to the investors, the brokerage major Lowers the price-target to $105.00 per share. The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, On Mar 21, 2016, Evercore ISI Group said it Upgrades its rating on SL Green Realty Corp. The shares have been rated ‘Buy’ by the firm. On Feb 19, 2016, Goldman Sachs said it Upgrades its rating on SL Green Realty Corp. In the research note, the firm Lowers the price-target to $100.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 11, 2016, Barclays said it Maintains its rating on SL Green Realty Corp. In the research note, the firm Lowers the price-target to $110.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Feb 4, 2016, Citigroup said it Maintains its rating on SL Green Realty Corp. In the research note, the firm Lowers the price-target to $127.00 per share. The shares have been rated ‘Buy’ by the firm. On Jan 22, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on SL Green Realty Corp. The shares have been rated ‘Buy’ by the firm.

SL Green Realty Corp (SLG) made into the market gainers list on Fridays trading session with the shares advancing 1.25% or 1.24 points. Due to strong positive momentum, the stock ended at $100.47, which is also near the day’s high of $100.78. The stock began the session at $99.04 and the volume stood at 10,12,344 shares. The 52-week high of the shares is $130.24 and the 52 week low is $80.12. The company has a current market capitalization of $10,053 M and it has 10,00,55,035 shares in outstanding.

SL Green Realty Corp(SLG) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $4.23B. Analysts had an estimated revenue of $328.41M. Earnings per share were $1.62. Analysts had estimated an EPS of $1.60.

Several Insider Transactions has been reported to the SEC. On Feb 26, 2016, Craig M Hatkoff (director) sold 2,950 shares at $88.36 per share price.Also, On Dec 24, 2015, Marc Holliday (Chief Executive Officer) sold 69,356 shares at $110.74 per share price.On May 11, 2015, Edwin T Iii Burton (director) sold 3,500 shares at $121.01 per share price, according to the Form-4 filing with the securities and exchange commission.

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 336201 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.

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