SL Green Realty Corp (NYSE:SLG) – Research analysts at SunTrust lifted their FY2017 earnings per share estimates for shares of SL Green Realty Corp in a note issued to investors on Thursday, Zacks Investment Research reports. SunTrust analyst M. Lewis now forecasts that the firm will post earnings per share of $7.51 for the year, up from their prior estimate of $7.45. SunTrust currently has a “Buy” rating and a $120.00 target price on the stock.

A number of other analysts also recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $135.00 price target (up previously from $127.00) on shares of SL Green Realty Corp in a research report on Tuesday, October 20th. Barclays raised their price objective on SL Green Realty Corp from $113.00 to $119.00 and gave the company an “equal weight” rating in a report on Tuesday, October 20th. TheStreet raised SL Green Realty Corp from a “hold” rating to a “buy” rating in a report on Friday, October 23rd. Morgan Stanley raised their price objective on SL Green Realty Corp from $119.00 to $120.00 in a report on Friday, October 16th. Finally, Robert W. Baird raised SL Green Realty Corp from a “neutral” rating to an “outperform” rating and set a $132.00 price objective on the stock in a report on Thursday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. SL Green Realty Corp presently has an average rating of “Hold” and a consensus price target of $124.69.

SL Green Realty Corp (NYSE:SLG) traded down 1.46% during trading on Monday, hitting $101.67. The company’s stock had a trading volume of 896,791 shares. The firm has a market cap of $10.14 billion and a P/E ratio of 44.63. SL Green Realty Corp has a 12 month low of $94.22 and a 12 month high of $135.81. The firm has a 50 day moving average of $107.80 and a 200 day moving average of $112.06.

SL Green Realty Corp (NYSE:SLG) last posted its quarterly earnings results on Wednesday, January 27th. The real estate investment trust reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.01. The business had revenue of $425.40 million for the quarter, compared to the consensus estimate of $327.43 million. SL Green Realty Corp’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 15th. Stockholders of record on Monday, January 4th were paid a dividend of $0.72 per share. The ex-dividend date was Wednesday, December 30th. This is a positive change from SL Green Realty Corp’s previous quarterly dividend of $0.60. This represents a $2.88 annualized dividend and a dividend yield of 2.83%.

In other news, CEO Marc Holliday sold 69,356 shares of the business’s stock in a transaction that occurred on Tuesday, December 22nd. The stock was sold at an average price of $110.78, for a total transaction of $7,683,257.68. Following the transaction, the chief executive officer now directly owns 35,616 shares of the company’s stock, valued at $3,945,540.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Several large investors have recently added to or reduced their stakes in the stock. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new stake in SL Green Realty Corp during the third quarter valued at $4,637,000. KBC Group raised its stake in SL Green Realty Corp by 41.4% in the third quarter. KBC Group now owns 28,725 shares of the real estate investment trust’s stock valued at $3,106,000 after buying an additional 8,416 shares in the last quarter. Capstone Asset Management Company raised its stake in SL Green Realty Corp by 11.5% in the fourth quarter. Capstone Asset Management Company now owns 7,886 shares of the real estate investment trust’s stock valued at $891,000 after buying an additional 811 shares in the last quarter. Finally, Quantitative Systematic Strategies purchased a new stake in SL Green Realty Corp during the fourth quarter valued at $384,000.

SL Green Realty Corp. is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan. The Company also manages an approximately 336,201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

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