SL Green Realty Corp. (NYSE:SLG) was downgraded by analysts at TheStreet to a “hold” rating in a research report issued to clients and investors on Monday, Analyst Ratings Network reports.
SL Green Realty Corp. (NYSE:SLG) opened at 85.40 on Monday. SL Green Realty Corp. has a 52-week low of $70.73 and a 52-week high of $95.83. The stock has a 50-day moving average of $91.11 and a 200-day moving average of $87.81. The company has a market cap of $7.855 billion and a P/E ratio of 141.63.
SL Green Realty Corp. (NYSE:SLG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.15. The company had revenue of $365.15 million for the quarter, compared to the consensus estimate of $288.45 million. During the same quarter in the prior year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that SL Green Realty Corp. will post $5.01 earnings per share for the current fiscal year.
SLG has been the subject of a number of other recent research reports. Analysts at ISI Group upgraded shares of SL Green Realty Corp. from a “cautious” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. Separately, analysts at Stifel Nicolaus raised their price target on shares of SL Green Realty Corp. from $95.00 to $97.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of SL Green Realty Corp. from $96.00 to $98.00 in a research note to investors on Wednesday, July 24th. They now have a “hold” rating on the stock.
Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. SL Green Realty Corp. has a consensus rating of “Hold” and a consensus target price of $93.79.
SL Green Realty Corp., incorporated on June, 10, 1997, is a self-managed real estate investment trust (NYSE:SLG), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.
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