SL Green Realty Corporation (SLG): Today's Featured Real Estate Winner

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.

SL Green Realty Corporation ( SLG) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day down 0.4%. By the end of trading, SL Green Realty Corporation rose $1.06 (1.4%) to $74.43 on heavy volume. Throughout the day, one million shares of SL Green Realty Corporation exchanged hands as compared to its average daily volume of 583,100 shares. The stock ranged in a price between $73.45-$74.76 after having opened the day at $74.08 as compared to the previous trading day's close of $73.37. Other companies within the Real Estate industry that increased today were: CreXus Investment ( CXS), up 12%, Chimera Investment Corporation ( CIM), up 8.6%, Vestin Realty Mortgage I ( VRTA), up 7.8%, and IRSA Inversiones y Representaciones ( IRS), up 3.4%.
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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. SL Green Realty Corporation has a market cap of $6.69 billion and is part of the financial sector. The company has a P/E ratio of 57.4, above the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Friday. Currently there are seven analysts that rate SL Green Realty Corporation a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates SL Green Realty Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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