SL Green Realty Corporation (SLG) Receives Analyst Rating

SL Green Realty Corporation (SLG) : 7 brokerage houses believe that SL Green Realty Corporation (SLG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on SL Green Realty Corporation (SLG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 1.81.

SL Green Realty Corporation (SLG) : The highest short term price target forecast on SL Green Realty Corporation (SLG) is $131 and the lowest target price is $107. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $125.2 with a standard deviation of $7.94.


Also, BTIG Research initiates coverage on SL Green Realty Corporation (NYSE:SLG). BTIG Research has a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

SL Green Realty Corporation (NYSE:SLG): The stock opened in the green at $110.35 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $111.075 and a low of $109.92 for the day. The stock did not find buyers even at the lows and closed at $110.62 recording a loss of -0.16%. 662,857 shares exchanged hands during the trading day. The stock had closed at $110.8 in the previous days trading.

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

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