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Keefe, Bruyette & Woods Starts SL Green Realty (SLG) at Market Perform; Manhattan Office Play: A Market Poised for Strong Rent Rebound

July 22, 2011 7:20 AM EDT
Get Alerts SLG Hot Sheet
Price: $55.13 +2.59%

Rating Summary:
    9 Buy, 15 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Keefe, Bruyette & Woods initiates coverage on SL Green Realty (NYSE: SLG) with a Market Perform. PT $95.00.

KBW analyst says, "SL Green Realty is a concentrated play on the Manhattan office market, which we view as one of the most desirable in the country and poised for a snap-back in rents. SL Green is a more active manager of capital than many REITs: The company has history of opportunistically acquiring, repositioning and selling assets, in the process, assembling a high-quality portfolio at attractive returns."

For more ratings news on SL Green Realty click here and for the rating history of SL Green Realty click here.

Shares of SL Green Realty closed at $87.40 yesterday.


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