SL Green Realty (SLG) Approves $1B Stock Buyback Program
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BMO Capital Raises Price Target on SL Green Realty (SLG) to $132 Following Announced PGIM Deal
August 12, 2016 9:32 AM EDTBMO Capital reiterated an Outperform rating on SL Green Realty (NYSE: SLG), and raised the price target to $132.00 (from $129.00), following the company's announced 40% sale in 11 Madison Ave.. The sale is to PGIM Real Estate for cash proceeds of $480 million, valuing the asset at $2.6 billion; and a $1 billion share repurchase program.
Analyst John Kim commented, "We view SLG's announcements as a new chapter for... More
