SL Green Realty (NYSE:SLG) had its price objective lowered by research analysts at SunTrust Banks from $85.00 to $81.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ price target suggests a potential upside of 69.88% from the company’s current price.

Other research analysts have also recently issued reports about the company. Citigroup raised their target price on SL Green Realty from $97.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. ValuEngine cut SL Green Realty from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. Barclays raised their target price on SL Green Realty from $107.00 to $109.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Finally, Bank of America raised SL Green Realty from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.75.

Shares of SL Green Realty stock traded down $0.26 during midday trading on Thursday, hitting $47.68. The company had a trading volume of 24,774 shares, compared to its average volume of 1,461,072. The business’s 50 day simple moving average is $78.96 and its two-hundred day simple moving average is $84.23. The stock has a market cap of $3.67 billion, a PE ratio of 15.03, a P/E/G ratio of 2.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.62 and a quick ratio of 1.62. SL Green Realty has a 1-year low of $39.31 and a 1-year high of $96.39.

SL Green Realty (NYSE:SLG) last issued its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $1.74 by ($1.52). The firm had revenue of $218.50 million during the quarter, compared to the consensus estimate of $216.14 million. SL Green Realty had a return on equity of 4.56% and a net margin of 21.83%. On average, sell-side analysts expect that SL Green Realty will post 7.32 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Institute for Wealth Management LLC. bought a new position in shares of SL Green Realty in the fourth quarter valued at about $26,000. Mine & Arao Wealth Creation & Management LLC. bought a new position in shares of SL Green Realty in the fourth quarter valued at about $28,000. Evoke Wealth LLC raised its holdings in shares of SL Green Realty by 114.6% in the fourth quarter. Evoke Wealth LLC now owns 337 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 180 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of SL Green Realty in the fourth quarter valued at about $55,000. Finally, Quadrant Capital Group LLC bought a new position in shares of SL Green Realty in the fourth quarter valued at about $65,000. 98.89% of the stock is owned by institutional investors.

About SL Green Realty

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, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet.

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Analyst Recommendations for SL Green Realty (NYSE:SLG)

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