Today: Today, TheStreet Upgraded SL Green Realty Corp. (SLG) to Buy

Today, TheStreet Upgraded SL Green Realty Corp. (SLG) to Buy

TheStreet upgraded shares of SL Green Realty Corp. (NYSE:SLG) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank AG decreased their price target on shares of SL Green Realty Corp. from $131.00 to $126.00 and set a buy rating on the stock in a report on Tuesday, October 25th. Stifel Nicolaus lowered shares of SL Green Realty Corp. from a buy rating to a hold rating and decreased their price target for the company from $125.00 to $95.00 in a report on Monday, October 24th. BMO Capital Markets reiterated a buy rating on shares of SL Green Realty Corp. in a report on Friday, October 21st. Robert W. Baird reiterated an outperform rating and issued a $131.00 price target on shares of SL Green Realty Corp. in a report on Friday, August 26th. Finally, BTIG Research assumed coverage on shares of SL Green Realty Corp. in a report on Thursday, August 25th. They issued a neutral rating on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $117.33.

SL Green Realty Corp. (NYSE:SLG) opened at 105.38 on Monday. The company’s 50 day moving average is $102.28 and its 200-day moving average is $107.19. The firm has a market cap of $10.68 billion, a P/E ratio of 36.21 and a beta of 1.21. SL Green Realty Corp. has a 52 week low of $80.12 and a 52 week high of $120.79.

SL Green Realty Corp. (NYSE:SLG) last announced its quarterly earnings results on Wednesday, October 19th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $1.65. The company had revenue of $416.68 million for the quarter, compared to analyst estimates of $12 million. SL Green Realty Corp. had a net margin of 16.04% and a return on equity of 3.85%. SL Green Realty Corp.’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.65 EPS. Equities analysts expect that SL Green Realty Corp. will post $8.30 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Forum Securities Ltd increased its stake in SL Green Realty Corp. by 10.0% in the second quarter. Forum Securities Ltd now owns 1,100 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 100 shares during the last quarter. Amica Retiree Medical Trust increased its stake in shares of SL Green Realty Corp. by 54.0% in the third quarter. Amica Retiree Medical Trust now owns 1,426 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 500 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of SL Green Realty Corp. by 76.6% in the third quarter. Global X Management Co. LLC now owns 1,448 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 628 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of SL Green Realty Corp. by 11.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,644 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 167 shares in the last quarter. Finally, MU Investments Co. Ltd. acquired a new stake in shares of SL Green Realty Corp. during the second quarter worth $185,000.

SL Green Realty Corp. Company Profile

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