SL Green Realty (NYSE:SLG) Rating Change
Equities researchers at Stifel’s equity division upped SL Green Realty (NYSE:SLG)’s stock from Hold to Buy on Friday morning. The analysts at Stifel have a price target of $111.0 on SLG or 15.04 % more upside.
According to data compiled by Thomson Reuters, SL Green Realty (NYSE:SLG)’s stock is covered by 18 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $119.61, which reflects an upside potential of 24.33% over the current price.
Cbre Clarion Securities Llc had the largest stake with ownership of 4.97M shares as of q2 2015 for 4.31% of the US long equity exposure. V3 Capital Management L.P. is another bull as the investment manager who is possessing 149,400 shares of SL Green Realty or 3.89% of their US long equity exposure. Further, Green Street Investors Llc have 3.73% of their US long equity exposure invested in the company for 41,500 shares. The New York-based fund Eii Capital Management Inc. disclosed it had purchased so far a stake worth about 3.49% of the investment manager’s stock portfolio in SL Green Realty. The Illinois-based fund Heitman Real Estate Securities Llc is also positive about the stock, possessing 105,700 shares or 3.16% of their US long equity exposure.
SL Green Realty (NYSE:SLG) Profile
SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments. It acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area.
SL Green Realty (NYSE:SLG) traded down -1.75% on 26 January, hitting $96.2. A total of 1.34M shares of the company’s stock traded hands. This is up from average of 1.02M shares. SL Green Realty has a 52 week low of $93.90 and a 52 week high of $115.34. The company has a market cap of $9.52B and a P/E ratio of 95.55.
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