Shares of SL Green Realty Corporation (NYSE:SLG) have earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $115.75.

SLG has been the topic of several analyst reports. Barclays PLC cut their price target on SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $104.00 price target (down from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) initiated coverage on SL Green Realty Corporation in a research report on Thursday, June 22nd. They set a “buy” rating and a $121.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $127.00 price target on shares of SL Green Realty Corporation in a research report on Tuesday, July 4th. Finally, ValuEngine downgraded SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

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SL Green Realty Corporation (NYSE SLG) traded up 1.20% during trading on Wednesday, hitting $96.60. The stock had a trading volume of 606,133 shares. The firm has a market cap of $9.56 billion, a PE ratio of 99.28 and a beta of 1.19. The company’s 50 day moving average is $99.42 and its 200 day moving average is $104.32. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $115.45.

SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $1.54. The firm had revenue of $279.41 million during the quarter, compared to analyst estimates of $281.40 million. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. Equities research analysts forecast that SL Green Realty Corporation will post $1.34 earnings per share for the current year.

In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total transaction of $640,440.00. Following the sale, the director now directly owns 7,196 shares of the company’s stock, valued at approximately $768,101.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.99% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL purchased a new position in SL Green Realty Corporation in the 1st quarter valued at about $203,000. Achmea Investment Management B.V. purchased a new position in SL Green Realty Corporation in the 1st quarter valued at about $224,000. BB&T Securities LLC purchased a new position in SL Green Realty Corporation in the 2nd quarter valued at about $226,000. OppenheimerFunds Inc. lifted its stake in SL Green Realty Corporation by 13.0% in the 1st quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 246 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in SL Green Realty Corporation by 35.1% in the 1st quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 557 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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