SL Green Stock Hits New 52-Week High (SLG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- SL Green Realty Corporation (NYSE: SLG) hit a new 52-week high Friday as it is currently trading at $85, above its previous 52-week high of $84 with 22,343 shares traded as of 9:40 a.m. ET. Average volume has been 563,200 shares over the past 30 days.

SL Green has a market cap of $7.42 billion and is part of the financial sector and real estate industry. Shares are up 25.5% year to date as of the close of trading on Thursday.

SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. The company has a P/E ratio of 75.5, above the average real estate industry P/E ratio of 55.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SL Green as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SL Green Ratings Report.

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