SL Green Realty Corporation (SLG) Receives Price Target

SL Green Realty Corporation (SLG) : 10 Wall Street analysts covering SL Green Realty Corporation (SLG) believe that the average level the stock could reach for the short term is $125.2. The maximum price target given is $131 and the minimum target for short term is around $107, hence the standard deviation is calculated at $7.94.

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.


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

SL Green Realty Corporation (NYSE:SLG): The stock opened at $117.73 on Thursday but the bulls could not build on the opening and the stock topped out at $117.85 for the day. The stock traded down to $114.78 during the day, due to lack of any buying support eventually closed down at $115.53 with a loss of -1.86% for the day. The stock had closed at $117.72 on the previous day. The total traded volume was 761,943 shares.

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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