A number of firms have modified their ratings and price targets on shares of SL Green Realty Corporation (NYSE: SLG) recently:

  • 8/3/2017 – SL Green Realty Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $113.00 price target on the stock.
  • 8/3/2017 – SL Green Realty Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $112.00 price target on the stock.
  • 8/1/2017 – SL Green Realty Corporation had its price target lowered by analysts at Barclays PLC from $110.00 to $109.00. They now have an “equal weight” rating on the stock.
  • 7/31/2017 – SL Green Realty Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/26/2017 – SL Green Realty Corporation had its price target lowered by analysts at Citigroup Inc. from $129.00 to $125.00. They now have a “buy” rating on the stock.
  • 7/24/2017 – SL Green Realty Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/18/2017 – SL Green Realty Corporation had its price target lowered by analysts at Barclays PLC from $111.00 to $110.00. They now have an “equal weight” rating on the stock.
  • 7/13/2017 – SL Green Realty Corporation was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $117.00 price target on the stock.
  • 7/12/2017 – SL Green Realty Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/4/2017 – SL Green Realty Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $127.00 price target on the stock.
  • 6/22/2017 – SL Green Realty Corporation is now covered by analysts at Goldman Sachs Group, Inc. (The). They set a “buy” rating and a $121.00 price target on the stock.
  • 6/13/2017 – SL Green Realty Corporation was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $106.00 price target on the stock, down previously from $120.00.

SL Green Realty Corporation (NYSE SLG) opened at 100.03 on Friday. The firm has a 50-day moving average of $103.42 and a 200 day moving average of $106.14. The stock has a market capitalization of $9.84 billion, a PE ratio of 102.81 and a beta of 1.18. 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 released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by $1.54. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The firm had revenue of $279.41 million during the quarter, compared to the consensus estimate of $281.40 million. On average, equities research analysts anticipate that SL Green Realty Corporation will post $1.56 earnings per share for the current fiscal year.

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

In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total value of $640,440.00. Following the sale, the director now directly owns 7,196 shares in the company, valued at approximately $768,101.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.09% of the stock is currently owned by company insiders.

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.

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