Jefferies Reiterates a Hold Rating on SL Green Realty

By Ryan Adsit

Jefferies analyst Jonathan Petersen reiterated a Hold rating on SL Green Realty (NYSE: SLG) yesterday and set a price target of $113. The company’s shares closed yesterday at $107.96.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 10.3% and a 73.6% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.

SL Green Realty has an analyst consensus of Moderate Buy, with a price target consensus of $117.75.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. Last month, John S. Levy, a Director at SLG sold 6,000 shares for a total of $643,500.

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 Corp. operates as a real estate investment trust which engages in property management, acquisitions and dispositions, financing, development and redevelopment, construction, and leasing. It operates through the Real Estate, and Debt and Preferred Equity Investments 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.