Monday, October 3, 2011

SL Green Realty (SLG) Upgraded by Jefferies to ?Buy? | Localized USA

SL Green Realty (NYSE: SLG) was upgraded by equities research analysts at Jefferies from a ?hold? rating to a ?buy? rating in a research note issued to investors on Monday. The analysts currently have a $75.00 price target on the stock, up from their previous price target of $72.00.

Separately, analysts at Keefe, Bruyette & Woods, Inc upgraded shares of SL Green Realty from a ?market perform? rating to an ?outperform? rating in a research note to investors on Wednesday, August 3rd. Analysts at JPMorgan Chase & Co. (NYSE: JPM) reiterated an ?overweight? rating on shares of SL Green Realty in a research note to investors on Wednesday, July 27th.

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing. The Company operates under two segments: real estate and structured finance investments. As of December 31, 2009, the Company owned interests in commercial office properties in the New York Metro area, primarily in midtown Manhattan. Its investments in the New York Metro area also include investments in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey, known as the Suburban properties.

Shares of SL Green Realty traded up 0.40% during mid-day trading on Monday, hitting $58.38. SL Green Realty has a 52 week low of $58.04 and a 52 week high of $90.01. The stock?s 50-day moving average is $67.47 and its 200-day moving average is $77.24. The company has a market cap of $4.989 billion and a price-to-earnings ratio of 6.42.

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Source: http://localizedusa.com/2011/10/03/sl-green-realty-slg-upgraded-by-jefferies-to-buy/

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