KeyBanc analyst Jordan Sadler reiterated a Buy rating on SL Green Realty (SLG) today and set a price target of $100. The company’s shares opened today at $83.96, close to its 52-week low of $83.28.
According to TipRanks.com, Sadler is a 4-star analyst with an average return of 3.0% and a 53.3% success rate. Sadler covers the Financial sector, focusing on stocks such as Taubman Centers, CareTrust REIT, and Equinix.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SL Green Realty with a $104.50 average price target, implying a 24.5% upside from current levels. In a report issued on December 10, Deutsche Bank also upgraded the stock to Buy with a $118 price target.
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SL Green Realty’s market cap is currently $7.33B and has a P/E ratio of 23.59. The company has a Price to Book ratio of 1.22.
Based on the recent corporate insider activity of 16 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.
