Piper Sandler Keeps Their Buy Rating on SL Green Realty (SLG)

Piper Sandler analyst Alexander Goldfarb maintained a Buy rating on SL Green Realty today and set a price target of $60.00.

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Goldfarb covers the Real Estate sector, focusing on stocks such as SL Green Realty, AvalonBay, and SITE Centers. According to TipRanks, Goldfarb has an average return of 2.1% and a 49.09% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SL Green Realty with a $54.47 average price target.

Based on SL Green Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $244.82 million and a net profit of $30.77 million. In comparison, last year the company earned a revenue of $214.26 million and had a GAAP net loss of $7.37 million

Based on the recent corporate insider activity of 8 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, Marc Holliday, the PRESIDENT & CEO of SLG sold 22,223.00 shares for a total of $986,701.20.