Guggenheim Covers Penske Automotive Group (PAG) with $50 Target; Lasalle Investment Management Securities Has Cut Sl Green Realty (SLG) Holding

Penske Automotive Group, Inc. (NYSE:PAG) Logo

Lasalle Investment Management Securities Llc decreased Sl Green Realty Corp (SLG) stake by 10.49% reported in 2017Q4 SEC filing. Lasalle Investment Management Securities Llc sold 213,526 shares as Sl Green Realty Corp (SLG)’s stock declined 5.08%. The Lasalle Investment Management Securities Llc holds 1.82 million shares with $183.94 million value, down from 2.04M last quarter. Sl Green Realty Corp now has $9.19B valuation. The stock increased 0.45% or $0.43 during the last trading session, reaching $96.95. About 269,230 shares traded. SL Green Realty Corp. (NYSE:SLG) has declined 10.01% since April 17, 2017 and is downtrending. It has underperformed by 21.56% the S&P500.

Equity analysts at Guggenheim has begun coverage on Penske Automotive Group (NYSE:PAG) with a Buy rating. The price target for PAG is set to $50. It means a potential upside of 12.46% from company’s last stock close.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.20, from 1.28 in 2017Q3. It fall, as 27 investors sold Penske Automotive Group, Inc. shares while 65 reduced holdings. 32 funds opened positions while 67 raised stakes. 34.38 million shares or 0.09% more from 34.35 million shares in 2017Q3 were reported. Captrust Financial holds 0% or 1,700 shares in its portfolio. Zebra Management Limited Liability Corporation holds 0.48% or 29,697 shares. California Public Employees Retirement System has invested 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). Automobile Association reported 0.02% in Penske Automotive Group, Inc. (NYSE:PAG). Lowe Brockenbrough & Inc stated it has 0.17% in Penske Automotive Group, Inc. (NYSE:PAG). First Midwest Bankshares Division owns 0.14% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 23,452 shares. London Comm Of Virginia holds 0.93% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 2.69M shares. Amp Cap Invsts has 11,651 shares. Barclays Public invested 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Point72 Asia (Hong Kong) Limited reported 0.02% in Penske Automotive Group, Inc. (NYSE:PAG). Eqis Mngmt Incorporated, California-based fund reported 5,617 shares. Price T Rowe Assocs Inc Md holds 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG) for 7,750 shares. Blackrock holds 3.73 million shares or 0.01% of its portfolio. Bank Of America Corp De holds 0% or 483,591 shares in its portfolio. Bruni J V accumulated 277,066 shares or 2.24% of the stock.

Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on April, 25 before the open. They expect $1.15 EPS, up 18.56% or $0.18 from last year’s $0.97 per share. PAG’s profit will be $97.72M for 9.67 P/E if the $1.15 EPS becomes a reality. After $1.01 actual EPS reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts 13.86% EPS growth.

Since October 20, 2017, it had 2 insider buys, and 2 insider sales for $17 activity. The insider PENSKE CORP bought $50.00M. $50.00M worth of Penske Automotive Group, Inc. (NYSE:PAG) was bought by PENSKE ROGER S. MITSUI & CO LTD had sold 1.13 million shares worth $50.00 million on Tuesday, March 27.

The stock increased 0.70% or $0.31 during the last trading session, reaching $44.46. About 93,866 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has declined 7.69% since April 17, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.

Penske Automotive Group, Inc. operates as a transportation services company. The company has market cap of $3.78 billion. The firm operates through Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments divisions. It has a 6.23 P/E ratio. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

Among 10 analysts covering Penske Automotive Group (NYSE:PAG), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Penske Automotive Group has $68 highest and $48 lowest target. $55.43’s average target is 24.67% above currents $44.46 stock price. Penske Automotive Group had 15 analyst reports since October 14, 2015 according to SRatingsIntel. Seaport Global initiated the stock with “Neutral” rating in Tuesday, August 9 report. The firm earned “Hold” rating on Thursday, August 31 by KeyBanc Capital Markets. The stock has “Buy” rating by Northcoast on Thursday, September 28. The rating was initiated by Susquehanna on Thursday, February 2 with “Positive”. The rating was maintained by Bank of America on Friday, February 9 with “Buy”. Gabelli downgraded the shares of PAG in report on Thursday, September 15 to “Hold” rating. The rating was downgraded by KeyBanc Capital Markets to “Sector Perform” on Tuesday, June 28. The rating was downgraded by Evercore to “Sell” on Thursday, October 13. Guggenheim initiated the stock with “Buy” rating in Monday, April 16 report. The rating was maintained by Morgan Stanley on Wednesday, March 14 with “Overweight”.

Since December 12, 2017, it had 1 buy, and 1 sale for $420,804 activity. 7,880 shares were bought by HOLLIDAY MARC, worth $198,576. On Tuesday, December 12 LEVY JOHN S sold $619,380 worth of SL Green Realty Corp. (NYSE:SLG) or 6,000 shares.

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.11, from 0.84 in 2017Q3. It is positive, as 22 investors sold SLG shares while 124 reduced holdings. 52 funds opened positions while 86 raised stakes. 88.86 million shares or 9.56% less from 98.25 million shares in 2017Q3 were reported. 528,751 are owned by Tiaa Cref Ltd Com. South Texas Money Mngmt Limited holds 0.01% or 2,202 shares in its portfolio. Amica Mutual owns 4,771 shares for 0.05% of their portfolio. Pnc Financial Svcs Group reported 0% of its portfolio in SL Green Realty Corp. (NYSE:SLG). Phocas Corp, a California-based fund reported 12,849 shares. Cohen And Steers Incorporated holds 910,012 shares or 0.25% of its portfolio. Aviva Public holds 366,646 shares. Moreover, Guardian Life Ins Of America has 0.01% invested in SL Green Realty Corp. (NYSE:SLG). Ny State Common Retirement Fund holds 0.03% or 215,000 shares in its portfolio. Utd Ser Automobile Association holds 30,828 shares. Dupont Cap holds 0.07% of its portfolio in SL Green Realty Corp. (NYSE:SLG) for 30,313 shares. Us Commercial Bank De reported 0% stake. Carroll Financial reported 15 shares. Ing Groep Nv accumulated 9,343 shares. Bnp Paribas Asset Holding holds 0% in SL Green Realty Corp. (NYSE:SLG) or 2,113 shares.

Among 21 analysts covering SL Green Realty Corp. (NYSE:SLG), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. SL Green Realty Corp. had 86 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, October 25 report. The firm has “Hold” rating given on Monday, October 24 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, October 23 by TheStreet. As per Thursday, February 11, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by BMO Capital Markets on Tuesday, January 9. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, July 19. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, November 22 report. As per Monday, August 24, the company rating was downgraded by Zacks. As per Thursday, September 10, the company rating was initiated by BMO Capital Markets. The stock of SL Green Realty Corp. (NYSE:SLG) has “Hold” rating given on Monday, August 17 by Zacks.

Analysts await SL Green Realty Corp. (NYSE:SLG) to report earnings on April, 18 after the close. They expect $1.65 earnings per share, up 5.10% or $0.08 from last year’s $1.57 per share. SLG’s profit will be $156.39M for 14.69 P/E if the $1.65 EPS becomes a reality. After $1.60 actual earnings per share reported by SL Green Realty Corp. for the previous quarter, Wall Street now forecasts 3.12% EPS growth.

SL Green Realty Corp. (NYSE:SLG) Institutional Positions Chart