Barclays Keeps Their Hold Rating on SL Green Realty (SLG)

In a report released today, Brendan Lynch from Barclays maintained a Hold rating on SL Green Realty (SLG – Research Report), with a price target of $48.00. The company’s shares closed yesterday at $49.67.

According to TipRanks, Lynch is an analyst with an average return of -6.1% and a 38.93% success rate. Lynch covers the Real Estate sector, focusing on stocks such as American Tower, Boston Properties, and Digital Realty.

In addition to Barclays, SL Green Realty also received a Hold from Wells Fargo’s Blaine Heck in a report issued on April 16. However, yesterday, Piper Sandler maintained a Buy rating on SL Green Realty (NYSE: SLG).

The company has a one-year high of $55.75 and a one-year low of $18.90. Currently, SL Green Realty has an average volume of 1.29M.

Based on the recent corporate insider activity of 12 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SL Green Realty (SLG) Company Description:

SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt and Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt and Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.