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SL Green Realty Earnings: Analysts Bullish Despite Mixed Results

Analysts are optimistic about SL Green Realty's prospects, despite recent financial volatility. The company's earnings report on Jan 30 will provide valuable insights.

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SL Green Realty Earnings: Analysts Bullish Despite Mixed Results

SL Green Realty (NYSE: SLG) is set to unveil its latest earnings on Monday, January 30. The real estate investment trust has seen varied analyst opinions, with a recent trend of increasing price targets. Despite mixed income trends, analysts are largely bullish about the company's prospects.

Analysts at Citigroup and Evercore ISI have recently upgraded their ratings for SL Green Realty. Citigroup moved from 'neutral' to 'buy', raising their price target from $65 to $70, while Evercore ISI maintained their 'outperform' rating, increasing their price target from $73 to $76. Although the majority still recommend a 'hold', the consensus price target has risen to around $68.

The company's net margins have fluctuated significantly over the past four quarters, ranging from a low of 4.7% to a high of 175.8%. Despite this volatility, analysts are optimistic, with 12 recommending a 'buy' and only one a 'sell'. They predict revenue of $288.2 million this quarter, a 23.1% increase from the year-ago quarter, and earnings of $1 per share.

However, revenue has fallen in the past two quarters, and income has dropped by an average of 2315.6% over the past five quarters. Investors' opinions are divided, with most CAPS All-Stars granting an 'outperform' rating, while Fools are split between 'outperform' and 'underperform'.

SL Green Realty's earnings report on January 30 will provide insight into the company's recent performance and future prospects. Despite mixed financial trends, analysts remain largely bullish, with increasing price targets and revenue predictions. Investors will be watching closely to see if the company can maintain its positive momentum.

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