Shares of SL Green Realty Corporation (NYSE:SLG) have earned a consensus rating of “Hold” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $116.55.

A number of equities research analysts have recently commented on SLG shares. Barclays PLC upped their price objective on shares of SL Green Realty Corporation from $110.00 to $111.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $113.00 price objective on shares of SL Green Realty Corporation in a research note on Thursday, April 20th. TheStreet lowered shares of SL Green Realty Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, April 19th. ValuEngine lowered shares of SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th.

In other SL Green Realty Corporation news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total transaction of $640,440.00. Following the transaction, the director now owns 7,196 shares in the company, valued at $768,101.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.09% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its position in SL Green Realty Corporation by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 86,705 shares of the real estate investment trust’s stock valued at $9,244,000 after buying an additional 2,040 shares during the last quarter. Gulf International Bank UK Ltd increased its position in SL Green Realty Corporation by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 31,031 shares of the real estate investment trust’s stock valued at $3,308,000 after buying an additional 600 shares during the last quarter. National Pension Service increased its position in SL Green Realty Corporation by 6.1% in the first quarter. National Pension Service now owns 101,791 shares of the real estate investment trust’s stock valued at $10,704,000 after buying an additional 5,848 shares during the last quarter. Fox Run Management L.L.C. increased its position in SL Green Realty Corporation by 62.9% in the first quarter. Fox Run Management L.L.C. now owns 6,026 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 2,326 shares during the last quarter. Finally, DnB Asset Management AS acquired a new position in SL Green Realty Corporation during the first quarter valued at $1,223,000.

Shares of SL Green Realty Corporation (SLG) traded down 1.03% during trading on Friday, reaching $99.00. 941,859 shares of the company’s stock were exchanged. The stock has a market cap of $9.80 billion, a PE ratio of 101.75 and a beta of 1.18. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $119.91. The stock’s 50 day moving average price is $103.21 and its 200-day moving average price is $106.07.

SL Green Realty Corporation (NYSE:SLG) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The firm had revenue of $279.41 million during the quarter, compared to the consensus estimate of $281.40 million. On average, equities research analysts forecast that SL Green Realty Corporation will post $1.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.775 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.10 annualized dividend and a yield of 3.13%. SL Green Realty Corporation’s payout ratio is 319.59%.

TRADEMARK VIOLATION WARNING: “SL Green Realty Corporation (NYSE:SLG) Receives Average Rating of “Hold” from Analysts” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/sl-green-realty-corporation-nyseslg-receives-average-rating-of-hold-from-analysts/1480011.html.

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)

Receive News & Ratings for SL Green Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.