Shares of SL Green Realty Corp (NYSE:SLG) traded today at $78.19, eclipsing its 52-week high. So far today approximately 173,000 shares have been exchanged, as compared to an average 30-day volume of 801,000 shares.
SL Green is the largest Manhattan property owner and landlord, with around 46 million square feet of wholly owned and joint venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.
There is potential upside of 86.7% for shares of SL Green Realty Corp based on a current price of $77.81 and an average consensus analyst price target of $145.27.
Over the past year, SL Green Realty Corp has traded in a range of $35.64 to $78.19 and is now at $77.81, 118% above that low.
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