SL Green Realty Corporation (NYSE:SLG) had its price objective decreased by BMO Capital Markets from $127.00 to $125.00 in a research note issued to investors on Thursday. BMO Capital Markets currently has an outperform rating on the real estate investment trust’s stock.

SLG has been the subject of a number of other reports. UBS AG upgraded SL Green Realty Corporation from a neutral rating to a buy rating and set a $117.00 price target for the company in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) began coverage on SL Green Realty Corporation in a research note on Thursday, June 22nd. They issued a buy rating and a $121.00 price target for the company. Citigroup Inc. dropped their price target on SL Green Realty Corporation from $129.00 to $125.00 and set a buy rating for the company in a research note on Wednesday, July 26th. Stifel Nicolaus reiterated a hold rating and issued a $112.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, August 3rd. Finally, ValuEngine cut SL Green Realty Corporation from a buy rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $116.15.

SL Green Realty Corporation (SLG) traded down 0.35% during trading on Thursday, hitting $100.78. The company had a trading volume of 558,880 shares. The stock has a 50-day moving average of $98.42 and a 200 day moving average of $103.54. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 103.58 and a beta of 1.19. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $115.34.

SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.54). SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The business had revenue of $279.41 million for the quarter, compared to the consensus estimate of $281.40 million. Equities analysts forecast that SL Green Realty Corporation will post $1.34 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.775 dividend. The ex-dividend date is Friday, September 29th. This represents a $3.10 annualized dividend and a yield of 3.07%. SL Green Realty Corporation’s payout ratio is 319.59%.

A number of hedge funds and other institutional investors have recently made changes to their positions in SLG. Tudor Investment Corp ET AL bought a new position in SL Green Realty Corporation in the 1st quarter valued at about $203,000. Achmea Investment Management B.V. bought a new position in shares of SL Green Realty Corporation during the 1st quarter worth approximately $224,000. BB&T Securities LLC bought a new position in shares of SL Green Realty Corporation during the 2nd quarter worth approximately $226,000. OppenheimerFunds Inc. lifted its position in shares of SL Green Realty Corporation by 13.0% during the 1st quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 246 shares in the last quarter. Finally, Global X Management Co. LLC lifted its position in shares of SL Green Realty Corporation by 35.1% during the 1st quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 557 shares in the last quarter.

About SL Green Realty Corporation

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.

Analyst Recommendations for SL Green Realty Corporation (NYSE:SLG)

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