KeyCorp restated their buy rating on shares of SL Green Realty Corporation (NYSE:SLG) in a research report report published on Friday. KeyCorp currently has a $130.00 price target on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on SLG. Barclays PLC dropped their price target on shares of SL Green Realty Corporation from $110.00 to $109.00 and set an equal weight rating on the stock in a research note on Tuesday, August 1st. BidaskClub upgraded shares of SL Green Realty Corporation from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Jefferies Group LLC reiterated a hold rating and set a $113.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, August 3rd. Morgan Stanley cut shares of SL Green Realty Corporation from an overweight rating to an equal weight rating and dropped their price target for the stock from $120.00 to $106.00 in a research note on Tuesday, June 13th. Finally, Bank of America Corporation cut shares of SL Green Realty Corporation from a buy rating to a neutral rating and dropped their price target for the stock from $113.00 to $110.00 in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. SL Green Realty Corporation currently has a consensus rating of Hold and an average price target of $116.46.

SL Green Realty Corporation (NYSE:SLG) opened at 96.83 on Friday. SL Green Realty Corporation has a 52 week low of $93.90 and a 52 week high of $118.87. The stock’s 50 day moving average price is $101.12 and its 200-day moving average price is $105.30. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 99.52 and a beta of 1.18.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $1.54. The business had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. On average, equities research analysts forecast that SL Green Realty Corporation will post $1.34 earnings per share for the current fiscal year.

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In other SL Green Realty Corporation news, Director John H. Alschuler, Jr. sold 6,000 shares of SL Green Realty Corporation stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total value of $640,440.00. Following the sale, the director now directly owns 7,196 shares in the company, valued at approximately $768,101.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.99% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of SL Green Realty Corporation by 2,588.7% in the first quarter. BlackRock Inc. now owns 9,337,213 shares of the real estate investment trust’s stock worth $995,533,000 after buying an additional 8,989,935 shares in the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of SL Green Realty Corporation during the first quarter worth about $128,189,000. Standard Life Investments LTD bought a new stake in shares of SL Green Realty Corporation during the second quarter worth about $52,928,000. Prudential Financial Inc. increased its stake in shares of SL Green Realty Corporation by 212.6% in the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust’s stock worth $77,440,000 after buying an additional 493,972 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of SL Green Realty Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 17,792,497 shares of the real estate investment trust’s stock worth $1,897,036,000 after buying an additional 362,749 shares in the last quarter.

About SL Green Realty Corporation

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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