SL Green Realty Corporation (SLG) has an average broker rating of 1.61, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
SL Green Realty Corporation (SLG) : Currently there are 11 street experts covering SL Green Realty Corporation (SLG) stock. The most bullish and bearish price target for the stock is $133 and $107 respectively for the short term. The average price target of all the analysts comes to $124. The estimated standard deviation from the target is $8.11.
For the current week, the company shares have a recommendation consensus of Buy. SL Green Realty Corporation (NYSE:SLG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $118.31 and $117.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $119.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $118.84, notching a gain of 0.91% for the day. The total traded volume was 1,043,988 . The stock had closed at $117.77 on the previous day.
In a related news, Holliday Marc, CEO of Sl Green Realty Corp, had purchased 37,340 shares on July 28, 2016. The total value of the transaction was $1,005,193. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.