SL Green Realty (NYSE:SLG) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus raised SL Green Realty from a “hold” rating to a “buy” rating and boosted their target price for the company from $105.00 to $111.00 in a research note on Friday, January 26th. BMO Capital Markets reissued a “buy” rating and issued a $115.00 target price on shares of SL Green Realty in a research note on Tuesday, February 27th. Evercore ISI cut SL Green Realty from an “in-line” rating to an “underperform” rating in a research note on Monday, March 5th. Zacks Investment Research raised SL Green Realty from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, April 3rd. Finally, SunTrust Banks cut SL Green Realty from a “buy” rating to a “hold” rating and set a $108.00 price objective for the company. in a research report on Friday, March 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.33.

SL Green Realty opened at $95.12 on Thursday, MarketBeat Ratings reports. SL Green Realty has a 1 year low of $95.32 and a 1 year high of $96.81. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.44 and a beta of 1.05.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($1.10). SL Green Realty had a net margin of 13.36% and a return on equity of 2.72%. The business had revenue of $301.70 million during the quarter, compared to analyst estimates of $295.93 million. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm’s revenue was down 20.1% on a year-over-year basis. equities research analysts anticipate that SL Green Realty will post 6.75 earnings per share for the current year.

In other news, insider Andrew S. Levine sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $100.23, for a total transaction of $1,503,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.99% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners raised its holdings in SL Green Realty by 2.3% during the first quarter. Boston Partners now owns 2,335,148 shares of the real estate investment trust’s stock worth $226,112,000 after acquiring an additional 52,143 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 37,623 shares in the last quarter. Geode Capital Management LLC raised its holdings in SL Green Realty by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,230,715 shares of the real estate investment trust’s stock worth $123,992,000 after acquiring an additional 45,716 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in SL Green Realty by 3.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 914,652 shares of the real estate investment trust’s stock worth $92,316,000 after acquiring an additional 28,809 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in SL Green Realty by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 707,740 shares of the real estate investment trust’s stock worth $68,566,000 after acquiring an additional 55,404 shares in the last quarter.

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 December 31, 2017, SL Green held interests in 121 Manhattan buildings totaling 50.0 million square feet.

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Analyst Recommendations for SL Green Realty (NYSE:SLG)

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