In a report released today, Anthony Paolone from J.P. Morgan downgraded SL Green Realty (SLG) to Sell. The company’s shares closed yesterday at $91.91.
According to TipRanks.com, Paolone is a 5-star analyst with an average return of 9.6% and a 69.1% success rate. Paolone covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Pennsylvania Real Estate Investment, and First Industrial Realty Trust.
Currently, the analyst consensus on SL Green Realty is a Moderate Buy with an average price target of $97.39, a 6.0% upside from current levels. In a report released today, Morgan Stanley also downgraded the stock to Sell with a $85.50 price target.
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SL Green Realty’s market cap is currently $7.69B and has a P/E ratio of 35.21. The company has a Price to Book ratio of 1.35.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Marc Holliday, the CEO of SLG sold 110,000 shares for a total of $9,155,439.
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. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt and Preferred Equity Investments business segments.
