Piper Sandler Remains a Buy on SL Green Realty (SLG)

In a report released today, Alexander Goldfarb from Piper Sandler maintained a Buy rating on SL Green Realty, with a price target of $60.00.

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According to TipRanks, Goldfarb is a 3-star analyst with an average return of 2.0% and a 49.70% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as SL Green Realty, Mid-America Apartment, and AvalonBay.

In addition to Piper Sandler, SL Green Realty also received a Buy from Scotiabank’s Nicholas Yulico in a report issued today. However, on the same day, Morgan Stanley maintained a Hold 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 10 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.