SL Green Realty Corp (NYSE:SLG) has received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $110.55.

Several research firms have issued reports on SLG. TheStreet upgraded shares of SL Green Realty from a “c+” rating to a “b-” rating in a research report on Friday, August 10th. ValuEngine upgraded shares of SL Green Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Citigroup cut their price target on shares of SL Green Realty from $118.00 to $116.00 and set a “buy” rating for the company in a research report on Tuesday, July 24th. BMO Capital Markets restated a “$100.62” rating and set a $115.00 price target on shares of SL Green Realty in a research report on Wednesday, July 18th. Finally, Morgan Stanley cut their price target on shares of SL Green Realty from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, June 14th.

NYSE SLG opened at $103.19 on Wednesday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.91. SL Green Realty has a 12-month low of $89.46 and a 12-month high of $106.54. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 3.21 and a beta of 1.09.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.01. SL Green Realty had a net margin of 21.45% and a return on equity of 4.24%. The business had revenue of $301.10 million during the quarter, compared to analyst estimates of $241.47 million. During the same period in the prior year, the business posted $1.78 earnings per share. The company’s revenue was down 24.4% on a year-over-year basis. sell-side analysts predict that SL Green Realty will post 6.75 earnings per share for the current fiscal year.

In other news, President Andrew W. Mathias sold 65,000 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $105.34, for a total transaction of $6,847,100.00. Following the completion of the sale, the president now directly owns 277,720 shares in the company, valued at $29,255,024.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.65% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Boston Partners boosted its holdings in shares of SL Green Realty by 129.5% during the second quarter. Boston Partners now owns 5,359,391 shares of the real estate investment trust’s stock worth $538,780,000 after purchasing an additional 3,024,243 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SL Green Realty by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,558,273 shares of the real estate investment trust’s stock worth $150,888,000 after purchasing an additional 37,623 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of SL Green Realty by 8.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 962,323 shares of the real estate investment trust’s stock worth $96,743,000 after purchasing an additional 73,930 shares during the period. Legal & General Group Plc boosted its holdings in shares of SL Green Realty by 3.8% during the first quarter. Legal & General Group Plc now owns 873,641 shares of the real estate investment trust’s stock worth $84,608,000 after purchasing an additional 31,794 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of SL Green Realty by 10.2% during the second quarter. Russell Investments Group Ltd. now owns 780,199 shares of the real estate investment trust’s stock worth $78,519,000 after purchasing an additional 72,459 shares during the period.

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, 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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