SL Green Realty (SLG) Receives a Hold from Truist Financial

In a report released today, Michael Lewis from Truist Financial maintained a Hold rating on SL Green Realty. The company’s shares closed yesterday at $57.14.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Lewis covers the Real Estate sector, focusing on stocks such as Veris Residential, American Healthcare REIT, Inc., and Cousins Properties. According to TipRanks, Lewis has an average return of 8.8% and a 59.86% success rate on recommended stocks.

SL Green Realty has an analyst consensus of Moderate Buy, with a price target consensus of $65.21, implying a 14.12% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $52.00 price target.

Based on SL Green Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $250.74 million and a GAAP net loss of $5.2 million. In comparison, last year the company earned a revenue of $222.82 million and had a net profit of $3.98 million

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLG in relation to earlier this year. Last month, Carol N Brown, a Director at SLG sold 937.00 shares for a total of $59,115.33.