2 weeks Ago By ABMN Staff
SL Green Realty ( NYSE:SLG – Get Free Report ) had its price objective lowered by equities research analysts at Truist Financial from $62.00 to $54.00 in a research report issued on Wednesday, Benzinga reports.
The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential downside of 0.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on SLG. Morgan Stanley raised their target price on shares of SL Green Realty from $52.00 to $55.
00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Jefferies Financial Group initiated coverage on SL Green Realty in a report on Monday, March 17th. They issued a “hold” rating and a $58.
00 target price on the stock. Piper Sandler reduced their target price on SL Green Realty from $90.00 to $72.
00 and set an “overweight” rating for the company in a report on Monday. Scotiabank dropped their price target on SL Green Realty from $81.00 to $75.
00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, Bank of America reduced their price objective on shares of SL Green Realty from $80.00 to $73.
00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.
com, the company has an average rating of “Hold” and a consensus price target of $68.13. Read Our Latest Research Report on SLG SL Green Realty Trading Up 1.
8 % SL Green Realty ( NYSE:SLG – Get Free Report ) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
27 by $0.13. The company had revenue of $144.
52 million for the quarter, compared to analysts’ expectations of $158.44 million. SL Green Realty had a negative return on equity of 0.
10% and a net margin of 2.48%. As a group, equities research analysts expect that SL Green Realty will post 5.
43 EPS for the current fiscal year. Institutional Investors Weigh In On SL Green Realty Several institutional investors have recently made changes to their positions in SLG. Norges Bank bought a new position in SL Green Realty during the fourth quarter valued at approximately $48,050,000.
Northern Trust Corp raised its holdings in shares of SL Green Realty by 79.9% during the 4th quarter. Northern Trust Corp now owns 1,429,636 shares of the real estate investment trust’s stock valued at $97,101,000 after purchasing an additional 634,788 shares in the last quarter.
Vanguard Group Inc. lifted its stake in shares of SL Green Realty by 5.5% in the 4th quarter.
Vanguard Group Inc. now owns 10,830,293 shares of the real estate investment trust’s stock valued at $735,594,000 after purchasing an additional 564,822 shares during the last quarter. Balyasny Asset Management L.
P. acquired a new stake in shares of SL Green Realty in the 4th quarter valued at $29,000,000. Finally, Alyeska Investment Group L.
P. boosted its holdings in SL Green Realty by 30.3% in the fourth quarter.
Alyeska Investment Group L.P. now owns 1,493,208 shares of the real estate investment trust’s stock worth $101,419,000 after purchasing an additional 347,608 shares in the last quarter.
89.96% of the stock is currently owned by institutional investors and hedge funds. About SL Green Realty ( Get Free Report ) 3SL Green Realty Corp.
, Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.
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