Key Highlights:
- SL Green Realty Corp (SLG, Financial) aims to divest two high-profile Manhattan properties, expecting approximately $300 million from the sales.
- Analyst consensus remains neutral, reflecting mixed sentiment with an average price target slightly above the current market value.
- GuruFocus estimates a significant potential downside based on GF Value projections.
SL Green Realty Corp (SLG), known as Manhattan's leading office landlord, is strategically positioning itself to capitalize on increasing interest in New York's real estate market. The company has recently placed two properties on the market—a coveted office building in SoHo and a prestigious property on Madison Avenue. Managed by Eastdil Secured, these sales aim to generate a combined value of around $300 million.
Wall Street Analysts' Expectations
The latest forecasts from 16 analysts reveal a varied outlook for SL Green Realty Corp (SLG, Financial). The average target price stands at $63.13, with projections ranging from a low of $50.00 to a high of $87.00. This median estimate suggests a modest upside of 1.72% from the current trading price of $62.06. For more comprehensive estimates, visit the SL Green Realty Corp (SLG) Forecast page.
Brokerage Recommendations
The consensus among 17 brokerage firms gives SL Green Realty Corp (SLG, Financial) an average recommendation rating of 2.8, indicating a "Hold" position. This recommendation is part of a rating scale from 1 (Strong Buy) to 5 (Sell), underscoring the mixed market sentiment surrounding SL Green's stock.
Evaluating GF Value Estimates
GuruFocus has projected an estimated GF Value of $32.93 for SL Green Realty Corp (SLG, Financial) in the coming year, projecting a downside of 46.94% from the current value of $62.06. The GF Value is calculated based on historical trading multiples, past business growth, and future performance estimates. For an in-depth analysis, explore the SL Green Realty Corp (SLG) Summary page.
