SL Green Realty (NYSE:SLG) had its price objective upped by stock analysts at Deutsche Bank from $111.00 to $114.00 in a report released on Wednesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price target would suggest a potential upside of 9.67% from the stock’s current price.

A number of other research analysts have also recently commented on SLG. Morgan Stanley dropped their price target on SL Green Realty from $104.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, June 14th. ValuEngine upgraded SL Green Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. TheStreet upgraded SL Green Realty from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. BMO Capital Markets reiterated a “$100.62” rating and issued a $115.00 price target on shares of SL Green Realty in a research note on Wednesday, July 18th. Finally, Citigroup dropped their price target on SL Green Realty from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $110.54.

Shares of SLG opened at $103.95 on Wednesday. SL Green Realty has a 52 week low of $89.46 and a 52 week high of $106.54. The firm has a market capitalization of $9.01 billion, a PE ratio of 16.16, a PEG ratio of 3.23 and a beta of 1.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.73 and a quick ratio of 2.73.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.01. SL Green Realty had a return on equity of 4.24% and a net margin of 21.45%. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $241.47 million. During the same period in the prior year, the company earned $1.78 EPS. SL Green Realty’s revenue was down 24.4% compared to the same quarter last year. analysts expect that SL Green Realty will post 6.76 EPS for the current year.

In related news, President Andrew W. Mathias sold 65,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $105.34, for a total transaction of $6,847,100.00. Following the completion of the transaction, the president now directly owns 277,720 shares of the company’s stock, valued at approximately $29,255,024.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.65% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in SLG. Fort Washington Investment Advisors Inc. OH raised its position in shares of SL Green Realty by 59.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 5,900 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 2,200 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of SL Green Realty by 45.9% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 85,000 shares of the real estate investment trust’s stock worth $8,294,000 after acquiring an additional 26,760 shares in the last quarter. Dupont Capital Management Corp raised its position in shares of SL Green Realty by 73.6% in the 1st quarter. Dupont Capital Management Corp now owns 52,626 shares of the real estate investment trust’s stock worth $5,096,000 after acquiring an additional 22,313 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of SL Green Realty by 58.2% in the 1st quarter. Twin Capital Management Inc. now owns 16,850 shares of the real estate investment trust’s stock worth $1,632,000 after acquiring an additional 6,197 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of SL Green Realty in the 1st quarter worth about $226,000.

SL Green Realty Company Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2018, SL Green held interests in 118 Manhattan buildings totaling 49.9 million square feet.

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Analyst Recommendations for SL Green Realty (NYSE:SLG)

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