TheStreet upgraded shares of SL Green Realty Corp. (NYSE:SLG) from a hold rating to a buy rating in a research note released on Monday morning.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets lifted their price objective on shares of SL Green Realty Corp. from $129.00 to $132.00 and gave the stock a buy rating in a research report on Friday, August 12th. Stifel Nicolaus lifted their price objective on shares of SL Green Realty Corp. from $121.00 to $125.00 and gave the stock a buy rating in a research report on Monday, August 15th. Deutsche Bank AG cut their price objective on shares of SL Green Realty Corp. from $131.00 to $126.00 and set a buy rating on the stock in a research report on Tuesday, October 25th. Evercore ISI downgraded shares of SL Green Realty Corp. from a buy rating to a hold rating and lifted their price objective for the stock from $122.00 to $124.00 in a research report on Monday, August 15th. Finally, Morgan Stanley raised shares of SL Green Realty Corp. from an equal weight rating to an overweight rating and lifted their price objective for the stock from $110.00 to $130.00 in a research report on Monday, July 25th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. SL Green Realty Corp. presently has a consensus rating of Buy and an average price target of $117.33.

Analyst Recommendations for SL Green Realty Corp. (NYSE:SLG)

SL Green Realty Corp. (NYSE:SLG) traded up 1.19% on Monday, reaching $106.07. 922,405 shares of the company’s stock traded hands. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 36.45 and a beta of 1.21. SL Green Realty Corp. has a 12-month low of $80.12 and a 12-month high of $120.79. The stock has a 50 day moving average price of $102.30 and a 200 day moving average price of $107.20.

SL Green Realty Corp. (NYSE:SLG) last issued its quarterly earnings data on Wednesday, October 19th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $1.65. SL Green Realty Corp. had a net margin of 16.04% and a return on equity of 3.85%. The firm had revenue of $416.68 million for the quarter, compared to the consensus estimate of $12 million. During the same quarter in the previous year, the firm earned $1.65 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts forecast that SL Green Realty Corp. will post $8.30 EPS for the current year.

Institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its position in shares of SL Green Realty Corp. by 4.3% in the third quarter. LPL Financial LLC now owns 2,122 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 88 shares during the period. Adelante Capital Management LLC increased its position in shares of SL Green Realty Corp. by 1.4% in the third quarter. Adelante Capital Management LLC now owns 163,455 shares of the real estate investment trust’s stock worth $17,669,000 after buying an additional 2,215 shares during the period. Credit Suisse AG increased its position in shares of SL Green Realty Corp. by 35.9% in the third quarter. Credit Suisse AG now owns 609,093 shares of the real estate investment trust’s stock worth $65,843,000 after buying an additional 160,855 shares during the period. Phocas Financial Corp. increased its position in shares of SL Green Realty Corp. by 12.8% in the third quarter. Phocas Financial Corp. now owns 8,786 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 997 shares during the period. Finally, Verition Fund Management LLC increased its position in shares of SL Green Realty Corp. by 9.3% in the third quarter. Verition Fund Management LLC now owns 6,207 shares of the real estate investment trust’s stock worth $671,000 after buying an additional 526 shares during the period.

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SL Green Realty Corp. Company Profile

SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area.

5 Day Chart for NYSE:SLG

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