Credit Suisse Group analysts began reporting on shares of SL Green Realty (NYSE:SLG – Valuation Received) in a report published on Wednesday, The Fly reports. The company gave Real Estate Investment Trust shares a neutral rating.
Other stocks research analysts also recently issued research reports on the company. StockNews.com acquired coverage of SL Green Realty in a research note on Thursday, March 31st. They gave the stock a “hold” rating. Piper Sandler lowered his price target on SL Green Realty to $60.00 from $75.00 and gave the stock a neutral rating in a research note on Friday, June 10. Barclays raised its price target on SL Green Realty to $88.00 from $83.00 and ranked the stock as overweight in a research note on Tuesday, March 29. Deutsche Bank Aktiengesellschaft lowered its target price on SL Green Realty to $81.00 from $82.00 and issued a research note with a “buy” rating on Thursday, April 14th. Finally, on Friday, April 22, Mizuho began reporting on SL Green Realty in a research note. They put a “neutral” rating and a price target of $77.00 on the stock. Nine research analysts have rated the stock with a hold rating and three have rated the company’s stock with a buy. Based on data from MarketBeat.com, SL Green Realty currently has a consensus rating of Hold and an average price target of $76.29.
NYSE SLG fell $1.09 during Wednesday trading to hit $47.18. The stock had a trading volume of 1,296,677 shares compared to an average volume of 940,829. The company has a market cap of $3.03 billion, a P/E of 6.97, a P/E of 3.52, and a beta of 1.41. The company’s 50-day moving average price is $63.62 and its 200-day moving average price is $72.83. The company has a debt to equity ratio of 0.85, a quick ratio of 2.36 and a current ratio of 2.36. SL Green Realty has a 12-month low of $47.10 and a 12-month high of $83.96.
SL Green Realty (NYSE:SLG – Get Rating) last announced its earnings results on Wednesday, April 20th. The Real Estate Investment Trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The company had revenue of $187.96 million for the quarter, compared to analysts’ expectations of $163.65 million. SL Green Realty had a return on equity of 9.32% and a net margin of 57.70%. The company’s quarterly revenue declined 16.9% compared to the prior-year quarter. In the same quarter last year, the company posted $1.78 per share. As a group, equity analysts expect SL Green Realty to report fiscal year-to-date earnings per share of 6.81.
Several hedge funds have recently bought and sold shares in SLG. State Street Corp increased its holding in SL Green Realty by 12.2% during the first quarter. State Street Corp now owns 3,857,153 shares of the Real Estate Investment Trust worth $314,295,000 after purchasing an additional 419,067 shares last quarter. Waterfront Capital Partners LLC increased its stake in SL Green Realty by 81.9% during the fourth quarter. Waterfront Capital Partners LLC now owns 574,646 shares of the Real Estate Investment Trust worth $41,202,000 after purchasing an additional 258,704 shares last quarter. abrdn plc increased its stake in SL Green Realty by 933.9% in the first quarter. ardn plc now owns 273,848 shares of the Real Estate Investment Trust valued at $22,419,000 after purchasing an additional 247,360 shares last quarter. Advisors Capital Management LLC acquired a new position in SL Green Realty valued at $17,338,000 during the first quarter. Finally, Wellington Management Group LLP increased its stake in SL Green Realty by 20.6% during the first quarter. Wellington Management Group LLP now owns 1,197,334 shares of the Real Estate Investment Trust valued at $97,200,000 after purchasing an additional 204,750 shares last quarter. 84.49% of the shares are currently owned by institutional investors and hedge funds.
SL Green Realty company profile (received rating)
SL Green Realty Corp., an S&P 500 company and Manhattan’s largest office leasing company, is a fully integrated real estate investment trust, or REIT, primarily focused on acquiring, managing and maximizing the value of commercial real estate in Manhattan. As of December 31, 2020, SL Green owned interests in 88 buildings totaling 38.2 million square feet.
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