SL Green Realty Corporation (NYSE:SLG) had its price objective reduced by Citigroup Inc. from $129.00 to $125.00 in a research report report published on Wednesday morning. They currently have a buy rating on the real estate investment trust’s stock.

Several other research firms also recently commented on SLG. Barclays PLC boosted their target price on shares of SL Green Realty Corporation from $110.00 to $111.00 and gave the stock an equal weight rating in a research report on Wednesday, April 19th. Morgan Stanley downgraded shares of SL Green Realty Corporation from an overweight rating to an equal weight rating and decreased their target price for the stock from $120.00 to $106.00 in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a hold rating and issued a $113.00 target price on shares of SL Green Realty Corporation in a research report on Thursday, April 20th. BMO Capital Markets reissued a buy rating and issued a $127.00 target price on shares of SL Green Realty Corporation in a research report on Tuesday, July 4th. Finally, TheStreet downgraded shares of SL Green Realty Corporation from a b- rating to a c rating in a research report on Wednesday, April 19th. 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. SL Green Realty Corporation currently has an average rating of Hold and an average target price of $116.38.

SL Green Realty Corporation (NYSE:SLG) traded up 0.43% during trading on Wednesday, hitting $103.25. 580,949 shares of the company traded hands. The firm has a market cap of $10.16 billion, a P/E ratio of 106.12 and a beta of 1.18. The firm has a 50 day moving average of $104.44 and a 200 day moving average of $106.44. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $120.63.

SL Green Realty Corporation (NYSE:SLG) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $1.54. The business had revenue of $279.41 million during the quarter, compared to the consensus estimate of $281.40 million. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. On average, analysts expect that SL Green Realty Corporation will post $1.64 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “SL Green Realty Corporation (SLG) Given New $125.00 Price Target at Citigroup Inc.” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/sl-green-realty-corporation-slg-given-new-125-00-price-target-at-citigroup-inc/1462894.html.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Wednesday, June 28th. SL Green Realty Corporation’s dividend payout ratio (DPR) is presently 319.59%.

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

A number of hedge funds have recently modified their holdings of SLG. Tudor Investment Corp ET AL bought a new stake in shares of SL Green Realty Corporation during the first quarter worth $203,000. Achmea Investment Management B.V. bought a new stake in shares of SL Green Realty Corporation during the first quarter worth $224,000. OppenheimerFunds Inc. increased its stake in shares of SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 246 shares during the period. Global X Management Co. LLC increased its stake in shares of SL Green Realty Corporation by 35.1% in the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 557 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SL Green Realty Corporation during the first quarter worth $232,000.

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.