SL Green Realty Stock Rating Reaffirmed by Wells Fargo (SLG)
SL Green Realty (NYSE: SLG)‘s stock had its “market perform” rating reaffirmed by Wells Fargo in a research note issued on Thursday. They currently have a $88.00 price target on the stock, up from their previous price target of $83.00.
A number of other firms have also recently commented on SLG. Analysts at TheStreet upgraded shares of SL Green Realty from a “hold” rating to a “buy” rating in a research note to investors on Monday, February 4th. Separately, analysts at JMP Securities downgraded shares of SL Green Realty from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 16th. Finally, analysts at Robert W. Baird initiated coverage on shares of SL Green Realty in a research note to investors on Monday, January 14th. They set a “neutral” rating and a $84.00 price target on the stock.
Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.50.
Shares of SL Green Realty (NYSE: SLG) traded down 0.62% during mid-day trading on Thursday, hitting $85.46. SL Green Realty has a 52 week low of $70.34 and a 52 week high of $87.50. The stock’s 50-day moving average is currently $82.77. The company has a market cap of $7.800 billion and a P/E ratio of 49.25.
SL Green Realty (NYSE: SLG) last announced its earnings results on Thursday, January 31st. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.15 by $0.01. The company had revenue of $350.73 million for the quarter, compared to the consensus estimate of $324.18 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. Analysts expect that SL Green Realty will post $4.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, March 27th.
SL Green Realty Corp. 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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