TheStreet downgraded SL Green Realty Corp (NYSE:SLG) to C in a report released today.
- Updated: April 21, 2017
Just yesterday SL Green Realty Corp (NYSE:SLG) traded -1.02% lower at $106.86. SL Green Realty Corp’s 50-day moving average is $108.25 and its 200-day moving average is $106.93. The last stock price is down -0.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 1,312,505 shares of SLG traded hands, up from an average trading volume of 578,303
TheStreet has downgraded SL Green Realty Corp (NYSE:SLG) to C in a report released on 4/19/2017.
Previously on 4/20/2017, Barclays Capital released a statement about SL Green Realty Corp (NYSE:SLG) increased the target price from $110.00 to $111.00. At the time, this indicated a possible upside of 0.04%.
Recent Performance Chart
SL Green Realty Corp has 52 week low of $93.90 and a 52 week high of $120.63 with a PE ratio of 45.73 and has a market capitalization of $0.
In addition to TheStreet reporting its stock price target, a total of 18 brokerages have issued a research note on the company. The average stock price target is $119.61 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On SL Green Realty Corp (NYSE:SLG)
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. Its debt and preferred equity activities include purchases and originations, inclusive of advances under future funding obligations, discount and fee amortization, and paid-in-kind interest. As of December 31, 2016, the Company owned or held interests in 24 consolidated commercial office buildings encompassing approximately 16.1 million rentable square feet and seven unconsolidated commercial office buildings encompassing approximately 6.6 million rentable square feet located primarily in midtown Manhattan.
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