SL Green Realty (NYSE:SLG – Get Free Report) had its price objective hoisted by LADENBURG THALM/SH SH from $42.00 to $46.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective suggests a potential downside of 5.15% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Scotiabank restated an “outperform” rating on shares of SL Green Realty in a research report on Thursday, May 21st. Piper Sandler dropped their price target on SL Green Realty from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Truist Financial boosted their price target on SL Green Realty from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Citigroup decreased their price objective on SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their price objective on SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $50.75.
Read Our Latest Stock Analysis on SL Green Realty
SL Green Realty Price Performance
Institutional Trading of SL Green Realty
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new position in shares of SL Green Realty during the 3rd quarter worth about $45,000. Davis Capital Management purchased a new position in SL Green Realty during the first quarter worth approximately $46,000. Fourth Dimension Wealth LLC boosted its holdings in shares of SL Green Realty by 45.5% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 500 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of SL Green Realty by 30.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 378 shares during the period. Finally, Leonteq Securities AG increased its holdings in shares of SL Green Realty by 4,194.0% during the 1st quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,097 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.
About SL Green Realty
SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.
Founded in 1980 by real estate investor Stephen L.
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