Barclays analyst Anthony Powell lowered the firm’s price target on SL Green Realty to $47 from $88 and keeps an Overweight rating on the shares post the investor day. Overall Manhattan tenant demand has softened and interest rates are up, resulting in earnings headwinds, Powell tells investors in a research note.
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Published first on TheFly
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Read More on SLG:
- Scotiabank downgrades SL Green with balance sheet looking ‘stressed’
- SL Green Realty downgraded to Market Perform from Outperform at BMO Capital
- SL Green Realty downgraded to Underperform from Sector Perform at Scotiabank
- SL Green Realty affirms FY22 FFO per share of $6.70-$7.00, consensus $6.69
- SL Green Realty sees FY23 FFO per share of $5.30-$5.60, consensus $6.12