In a report released yesterday, Dave Rodgers from Robert W. Baird reiterated a Hold rating on SL Green Realty (SLG), with a price target of $98. The company’s shares closed yesterday at $92.80.
According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 5.8% and a 67.0% success rate. Rodgers covers the Financial sector, focusing on stocks such as Armada Hoffler Properties, Americold Realty Trust, and Alexandria Equities.
SL Green Realty has an analyst consensus of Moderate Buy, with a price target consensus of $103.75, an 11.8% upside from current levels. In a report issued on December 3, Jefferies also reiterated a Hold rating on the stock with a $91 price target.
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Based on SL Green Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $94.64 million. In comparison, last year the company had a net profit of $45.46 million.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2018, Matthew Diliberto, the CFO of SLG sold 35,000 shares for a total of $3,229,588.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
SL Green Realty Corp. is a real estate investment trust, which engages in property management, acquisitions and dispositions, financing, development and redevelopment, construction, and leasing. It operates through the Real Estate, and Debt and Preferred Equity Investments segments.
