Fly News Breaks for December 10, 2019
Dec 10, 2019 | 08:02 EDT
SunTrust analyst Michael Lewis raised his price target on SL Green Realty to $105 and kept his Buy rating after its Investor Day event. The analyst cites the company's presentation focusing on the "underappreciated positives" of the New York commercial market, the company's "specific development projects", and its better than expected FFO guidance for FY19 and FY20.
News For SLG From the Last 2 Days
Oct 28, 2021 | 08:38 EDT
SL Green Realty announced the sale of 590 Fifth Avenue for a gross sale price of $103.0M. "Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties," said Harrison Sitomer, Senior Vice President of SL Green. "This profitable transaction is the latest step in the successful execution of our 2021 business plan as we remain on track to meet or exceed our stated goals for the year." Located between 47th and 48th Street, 590 Fifth Avenue is a 19-story, 103,000-square-foot office building with prime retail space at the base. SL Green took ownership of the property in October 2020.