The stock appeared $29.25 above its 52-week highs and is down -1.82% for the last five trades. The company was downgraded on Thursday, August 20 by Zacks. (SLG) stock price has gone up by 0.10% over the last 20 trading days, and its price is -15.09% below the 52-week high.
6 analysts on average are expecting the company to report revenue of $304.33 Million for the current quarter.
On 10 July 2017, Devon Energy Corporation (NYSE:DVN) stock price started the day at $29.38 and moved between $29.34 - 30.05 to finally close at $29.73. The fund owned 12,492 shares of the real estate investment trust's stock after buying an additional 3,878 shares during the period. SL Green Realty Corporation had a net margin of 13.33% and a return on equity of 2.98%. The business had revenue of $298.03 million for the quarter, compared to analysts' expectations of $281.11 million. Most sudden stock spikes or drops require the attention of anyone who is keeping a keen eye on the shares. The firm's quarterly revenue was up 11.6% compared to the same quarter a year ago.
Several other institutional investors have also modified their holdings of the company. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). TheStreet cut SL Green Realty Corporation from a "b-" rating to a "c" rating in a research report on Wednesday, April 19th. The stock now has a consensus rating of "Hold" and a consensus target price of $29.18. Zacks Investment Research downgraded Realty Income Corporation from a "hold" rating to a "sell" rating in a research note on Wednesday, June 28th. They issued a "market perform" rating and a $94.00 price objective for the company. SELL rating has been given by 0 analyst (s) and 0 analyst (s) given BUY rating to the stock. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy.
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The share of Duke Realty Corporation (DRE) now has a value of $27.7 while the company's 52 week low is at $22.97, the shares dropped to the 52 week low on 11/14/16. 470,474 shares of the stock were exchanged. Finally, Boston Partners boosted its position in shares of SL Green Realty Corporation by 12.8% in the first quarter. In terms of Moving Averages, the 7-day is resting at 103.54. The ex-dividend date of this dividend is Thursday, June 29th. Pensionfund Dsm Netherlands has invested 0.24% of its portfolio in Duke Realty Corp (NYSE:DRE). This represents a $2.54 annualized dividend and a dividend yield of 4.74%. Cibc reported 0.01% of its portfolio in SL Green Realty Corp (NYSE:SLG). Insiders sold 21,152 shares of company stock worth $2,150,000 over the last three months.
Price/Earnings to growth ratio for the company is 10.89 and the stock shows its Price/Sales (ttm) of 10.86 and Price/Book for the most recent quarter of 2.84. The Director now owns $7,580,541 of the stock according to the SEC filing. Stockholders of record on Thursday, June 22nd were paid a $0.28 dividend. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. 91,141 shares of the company traded hands. The disclosure for this sale can be found here.
In related news, Director Jack R. Shaw sold 4,803 shares of the company's stock in a transaction dated Wednesday, May 3rd. For the last month, company shares are 8.31%.
SLG has been the topic of a number of recent analyst reports. BlackRock Inc. increased its stake in shares of CoreSite Realty Corporation by 143,427.7% in the first quarter. Tudor Investment Corp ET AL purchased a new stake in shares of SL Green Realty Corporation during the first quarter valued at $203,000. LLC increased its stake in shares of SL Green Realty Corporation by 35.1% in the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust's stock worth $77,440,000 after buying an additional 493,972 shares during the last quarter. It also upped Financial Select Sector Spdr (XLF) stake by 96,346 shares and now owns 1.30M shares. BlackRock Inc. raised its position in shares of Realty Income Corporation by 2,423.9% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust's stock valued at $496,191,000 after buying an additional 198,067 shares in the last quarter.