SL Green Realty upgraded by Scotiabank with a new price target
$SLG
Real Estate Investment Trusts
Real Estate
Scotiabank upgraded SL Green Realty from Sector Underperform to Sector Perform and set a new price target of $53.00 from $43.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/18/2024 | $35.00 → $60.00 | Sell → Neutral | Compass Point |
| 9/16/2024 | $55.00 → $66.00 | Underperform → In-line | Evercore ISI |
| 9/13/2024 | $44.00 → $66.00 | Sell → Neutral | Citigroup |
| 7/9/2024 | $43.00 → $53.00 | Sector Underperform → Sector Perform | Scotiabank |
| 4/18/2024 | $56.00 → $58.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/27/2024 | $35.00 → $48.00 | Underweight → Equal Weight | Barclays |
| 3/18/2024 | $44.00 | In-line → Underperform | Evercore ISI |
| 1/30/2024 | $50.00 | Hold | Deutsche Bank |
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NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has appointed Garrett Armwood as Vice President of Government Affairs. Armwood most recently served as the Deputy State Director to Senate Majority Leader Charles E. Schumer. This new position will help SL Green expand its role supporting New York City's recovery, as it works with City and State officials to advocate for important initiatives including affordable housing programs that incentivize the conversion of office properties to residential use, and the ongoing reimagination of central business districts as 24/7 destinations. These initiatives
Compass Point upgraded SL Green Realty from Sell to Neutral and set a new price target of $60.00 from $35.00 previously
Evercore ISI upgraded SL Green Realty from Underperform to In-line and set a new price target of $66.00 from $55.00 previously
Citigroup upgraded SL Green Realty from Sell to Neutral and set a new price target of $66.00 from $44.00 previously
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
8-K - SL GREEN REALTY CORP (0001040971) (Filer)
DEFA14A - SL GREEN REALTY CORP (0001040971) (Filer)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
SC 13G/A - SL GREEN REALTY CORP (0001040971) (Subject)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
4 - SL GREEN REALTY CORP (0001040971) (Issuer)
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (the "Company") (NYSE:SLG) announced today that it priced an underwritten public offering of 5,063,291 shares of its common stock, par value $0.01 per share (the "Common Stock"), at a price to the public of $79.00 per share. In connection with the offering, the Company has granted the underwriters an option to purchase up to an additional 759,493 shares of Common Stock during the next 30 days. The offering is expected to close on November 25, 2024, subject to customary closing conditions. The Company intends to use net proceeds from the offering for general corporate purposes, which may include new debt and equity inv
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (the "Company") (NYSE:SLG) announced today the commencement of an underwritten public offering of $400,000,000.00 of shares of its common stock, par value $0.01 per share (the "Common Stock"). In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional $60,000,000.00 of shares of Common Stock. The Company intends to use net proceeds from the offering for general corporate purposes, which may include new debt and equity investment opportunities and the repayment of a portion of its outstanding indebtedness. Wells Fargo Securities, J.P. Morgan, TD S
NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), New York's largest owner of office properties, today announced that it closed on the sale of an 11.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd, Japan's leading urban landscape developer. The investment was completed at a gross valuation of $4.7 billion for the iconic property. After completion of the transaction, SLG maintains a 60.0% stake in One Vanderbilt Avenue. "One Vanderbilt is a globally-renowned and architecturally celebrated modern development, which has continued to demonstrate that well-located, highly amenitized and sustainable buildings will attract premier tenants and prestigiou
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has closed on a modification and extension of the $742.8 million mortgage on 1515 Broadway. The modification extended the maturity date by three years, as fully extended, to March 2028 and the interest rate was maintained at 3.93%. "This is another successful step in executing our plan to extend our debt maturity profile and reflects the strength of the Midtown Manhattan office market," said Brett Herschenfeld, Executive Vice President for Retail and Opportunistic Investments at SL Green. "This extension provides SL Green and our partners with the
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.25 per share of common stock, which is the equivalent of an annualized dividend of $3.00 per share. The dividend is payable in cash on December 16, 2024 to shareholders of record at the close of business on November 29, 2024. About SL Green Realty Corp. SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has signed a 72,515 square foot, 10-year lease with leading hedge fund Verition Group NY, Inc., raising occupancy in the building to 92.5%. Verition will expand its footprint in the building by 34,413 square feet, relocating from the 35th floor to the entire 14th and 15th floors. This transaction increases SL Green's office leases signed year to date to 3,002,971 square feet. "We're delighted to expand and extend our valued relationship with Verition Group," said Steven Durels, Executive Vice President and Director of Leasing and Real Property at SL Gr
Piper Sandler analyst Alexander Goldfarb maintains SL Green Realty (NYSE:SLG) with a Overweight and raises the price target from $58 to $75.
7 analysts have expressed a variety of opinions on SL Green Realty (NYSE:SLG) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 3 1 Last 30D 0 0 1 0 0 1M Ago 0 0 2 1 0 2M Ago 0 0 0 0 1 3M Ago 0 0 0 2 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $47.71, a high estimate of $55.00, and a low estimate of $37.00. Surpassing the
Truist Securities analyst Michael Lewis maintains SL Green Realty (NYSE:SLG) with a Hold and raises the price target from $47 to $55.