UBS Maintains a 'Buy' on SL Green Realty (SLG); Continuing to Execute in a New, New York

UBS maintains a 'Buy' on SL Green Realty (NYSE: SLG) price target raised from $80 to $85.

UBS analyst said, "While concerns remain regarding the health of the Manhattan office market as incremental demand from financial service firms is limited, SLG’s portfolio has proven resilient with continued strong leasing stats. We expect stable rent and occupancy trends to continue in 2012, as technology/media related tenants continue to seek out space...We remain positive on SLG with the shares trading at a 14% discount to forward NAV and implying $580/psf for the Manhattan assets."

"We are adjusting our 2012/2013 FFO estimates from $4.46/4.65 to $4.54/4.71, to account for the Q4 result as well as slightly increased leasing assumptions."

For an analyst ratings summary and ratings history on SL Green Realty click here. For more ratings news on SL Green Realty click here.

Shares of SL Green Realty closed at $77.22 yesterday.

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