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THE SALAD DAYS FOR NEW York City office building owner Stephen Green could soon be coming to an end.
Yes, shares of his real estate investment trust, SL Green Realty Corp., are up 18% this year, closing Friday at $36.15 and outperforming most other New York area stocks. And admittedly investors have rushed into Mr. Green's REIT, and others like it, because they believe real estate is a safer store of value than almost anything else.
But an increasing number of analysts and fund managers think the Manhattanbased real estate company's Wall Street run is losing its legs. Two brokerage firm analysts in the past two months have downgraded their rating of the company. Beyond that, a growing number of large portfolio managers are shunning the stock.
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