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SL Green Realty (SLG) Gets a Hold from Wells Fargo

Tipranks - Tipranks - Fri Apr 17, 5:11AM CDT

Wells Fargo analyst maintained a Hold rating on SL Green Realty yesterday and set a price target of $60.00. The company’s shares closed yesterday at $41.63.

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In addition to Wells Fargo, SL Green Realty also received a Hold from Barclays’s Brendan Lynch in a report issued on April 14. However, yesterday, BMO Capital maintained a Buy rating on SL Green Realty (NYSE: SLG).

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Based on SL Green Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $276.47 million and a GAAP net loss of $98.66 million. In comparison, last year the company had a net profit of $15.25 million

Based on the recent corporate insider activity of 11 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. Last month, Carol N Brown, a Director at SLG sold 5,004.00 shares for a total of $181,745.28.

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