SL Green Realty Corporation (NYSE:SLG) has been given an average rating of “Hold” by the nineteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $115.00.

A number of brokerages have weighed in on SLG. Barclays PLC decreased their price target on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. BidaskClub downgraded SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded SL Green Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “hold” rating and set a $112.00 price target on shares of SL Green Realty Corporation in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a report on Thursday, August 3rd.

SL Green Realty Corporation (SLG) traded down $0.35 during midday trading on Monday, reaching $100.52. The company had a trading volume of 769,428 shares, compared to its average volume of 740,472. The firm has a market capitalization of $9,912.06, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.61 and a beta of 1.16. SL Green Realty Corporation has a 1-year low of $93.92 and a 1-year high of $115.34. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.38.

SL Green Realty Corporation (NYSE:SLG) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($1.17). SL Green Realty Corporation had a net margin of 7.70% and a return on equity of 1.54%. The company had revenue of $319.50 million during the quarter, compared to analyst estimates of $326.70 million. During the same quarter in the previous year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. sell-side analysts anticipate that SL Green Realty Corporation will post 6.44 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SLG. Long Pond Capital LP lifted its position in shares of SL Green Realty Corporation by 60.3% during the 3rd quarter. Long Pond Capital LP now owns 2,740,082 shares of the real estate investment trust’s stock worth $277,625,000 after buying an additional 1,031,232 shares in the last quarter. Brookfield Asset Management Inc. lifted its position in shares of SL Green Realty Corporation by 41.6% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,702,965 shares of the real estate investment trust’s stock worth $180,174,000 after buying an additional 500,665 shares in the last quarter. Standard Life Investments LTD bought a new position in shares of SL Green Realty Corporation during the 2nd quarter worth approximately $52,928,000. Koch Industries Inc. bought a new position in shares of SL Green Realty Corporation during the 2nd quarter worth approximately $316,000. Finally, APG Asset Management US Inc. lifted its position in shares of SL Green Realty Corporation by 35.9% during the 3rd quarter. APG Asset Management US Inc. now owns 1,130,500 shares of the real estate investment trust’s stock worth $114,542,000 after buying an additional 298,500 shares in the last quarter.

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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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