Wells Fargo Reaffirms Their Hold Rating on SL Green Realty (SLG)

In a report released on January 23, James Feldman from Wells Fargo maintained a Hold rating on SL Green Realty, with a price target of $54.00. The company’s shares closed last Friday at $45.90.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Feldman is an analyst with an average return of -0.3% and a 47.42% success rate. Feldman covers the Real Estate sector, focusing on stocks such as Diamondrock, Hudson Pacific Properties, and Terreno Realty.

In addition to Wells Fargo, SL Green Realty also received a Hold from TipRanks – Anthropic’s Anthropic REIT – Office in a report issued on January 23. However, on January 14, Scotiabank maintained a Buy rating on SL Green Realty (NYSE: SLG).

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 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, Marc Holliday, the PRESIDENT & CEO of SLG sold 22,223.00 shares for a total of $986,701.20.