Key Takeaways From SL Green Realty Analyst Ratings
Portfolio Pulse from Benzinga Insights
SL Green Realty (NYSE:SLG) has received mixed analyst ratings over the past three months, with 10 analysts offering diverse outlooks. The average 12-month price target for SLG is $41.8, up from $41.44, with a high estimate of $56.00 and a low of $27.00. Analysts from firms including Piper Sandler, Barclays, BMO Capital, Truist Securities, and Compass Point have adjusted their ratings and price targets, reflecting their latest views on the company's performance. SL Green Realty, a large Manhattan property owner and landlord, has seen a -18.47% decline in revenue growth as of September 30, 2023, but has strong profitability indicators such as net margin and ROE, despite a reduced market capitalization and a below-average debt-to-equity ratio.
December 20, 2023 | 8:00 pm
News sentiment analysis
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NEUTRAL IMPACT
SL Green Realty has received mixed analyst ratings with a slight increase in the average 12-month price target. Despite a significant revenue decline, the company maintains strong profitability metrics.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on SLG's stock price. The revenue decline is a concern, but strong profitability metrics may counterbalance investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100