Truist Securities Maintains Buy Rating for SL Green Realty: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of SL Green Realty SLG and lower its price target from $47.00 to $42.00.

Shares of SL Green Realty are trading down 0.03% over the last 24 hours, at $30.95 per share.

A move to $42.00 would account for a 35.7% increase from the current share price.

About SL Green Realty

SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 35 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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