Evercore analyst Steve Sakwa upgrades $SL Green Realty (SLG.US)$ to a hold rating, and adjusts the target price from $55 to $79.
According to TipRanks data, the analyst has a success rate of 52.9% and a total average return of 1.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SL Green Realty (SLG.US)$'s main analysts recently are as follows:
The firm's robust third-quarter performance underscores its continued success in the office sector, particularly in converting its leasing pipeline into signed leases. The expectation for an improved cash mark-to-market in the fourth quarter follows a 10.8% increase year-to-date. Positivity towards the stock is driven by its attractive valuation, potential future asset sales, and solid leading indicators of office demand.
Subsequent to SL Green Realty's Q3 report and subsequent discussion, adjustments were made to the forecasting model, resulting in a marginal decrease in the FY24 FFO estimate. Additionally, the valuation of One Vanderbilt and One Madison contributed to an increased net asset value estimate, factoring in a lower overall capitalization rate.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Evercore分析師Steve Sakwa上調$SL Green Realty (SLG.US)$至持有評級,並將目標價從55美元上調至79美元。
根據TipRanks數據顯示,該分析師近一年總勝率為52.9%,總平均回報率為1.3%。
此外,綜合報道,$SL Green Realty (SLG.US)$近期主要分析師觀點如下:
該公司第三季度的強勁業績凸顯了其在辦公領域的持續成功,特別是在將其租賃渠道轉換爲已簽署的租約方面。在今年迄今爲止增長10.8%之後,預計第四季度現金市值將有所改善。對該股的積極態度是由其誘人的估值、潛在的未來資產銷售以及穩健的辦公需求領先指標推動的。
在SL Green Realty發佈第三季度報告和隨後的討論之後,對預測模型進行了調整,導致24財年的FFO估計值略有下降。此外,考慮到較低的總資本率,範德比爾特一號和麥迪遜一號的估值導致淨資產價值估計值的增加。
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