FBR Capital Reiterates an 'Outperform' on SL Green Realty (SLG); Management Meeting Takeaways
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Price: $52.41 --0%
Rating Summary:
10 Buy, 14 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
Rating Summary:
10 Buy, 14 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 13
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FBR Capital reiterates an 'Outperform' on SL Green Realty (NYSE: SLG), PT $95.
FBR analyst says, "We reiterate our rating and price target on shares of SLG following a dinner and discussion with management. This week, we hosted an investor meeting with James Mead (CFO), Steven Durels (director of leasing), and Matthew DiLiberto (CAO). Our investment opinion on shares of SLG remains positive, as our meeting reaffirmed our view that: (1) Big block availability in Manhattan continues to diminish, which continues to drive near-term fundamental growth and cap rate compression, (2) Structured finance portfolio should continue to grow, and (3) Capital availability should remain strong, perhaps with an early renewal of the 2012 maturing credit facility and continual use of the ATM program."
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 $85.85 yesterday.
FBR analyst says, "We reiterate our rating and price target on shares of SLG following a dinner and discussion with management. This week, we hosted an investor meeting with James Mead (CFO), Steven Durels (director of leasing), and Matthew DiLiberto (CAO). Our investment opinion on shares of SLG remains positive, as our meeting reaffirmed our view that: (1) Big block availability in Manhattan continues to diminish, which continues to drive near-term fundamental growth and cap rate compression, (2) Structured finance portfolio should continue to grow, and (3) Capital availability should remain strong, perhaps with an early renewal of the 2012 maturing credit facility and continual use of the ATM program."
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 $85.85 yesterday.
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