SL Green Realty Corp. (NYSE:SLG) Expected to Earn Q2 2025 Earnings of $1.29 Per Share

SL Green Realty Corp. (NYSE:SLG - Free Report) - Equities research analysts at Zacks Research upped their Q2 2025 earnings per share estimates for SL Green Realty in a research note issued on Tuesday, April 2nd. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $1.29 for the quarter, up from their previous forecast of $1.28. The consensus estimate for SL Green Realty's current full-year earnings is $6.06 per share. Zacks Research also issued estimates for SL Green Realty's FY2025 earnings at $5.06 EPS and FY2026 earnings at $5.29 EPS.

Several other brokerages also recently commented on SLG. The Goldman Sachs Group lifted their price target on shares of SL Green Realty from $30.00 to $36.00 and gave the company a "sell" rating in a research report on Thursday, January 11th. Evercore ISI lowered shares of SL Green Realty from an "in-line" rating to an "underperform" rating and set a $44.00 target price for the company. in a research report on Monday, March 18th. Scotiabank upped their price target on shares of SL Green Realty from $40.00 to $43.00 and gave the company a "sector underperform" rating in a report on Tuesday. TheStreet upgraded SL Green Realty from a "d+" rating to a "c-" rating in a research note on Wednesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on SL Green Realty in a research note on Tuesday, January 30th. They set a "hold" rating and a $50.00 target price for the company. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $45.83.

SL Green Realty Stock Down 1.1 %

Shares of NYSE SLG traded down $0.57 during mid-day trading on Thursday, reaching $51.16. 1,243,698 shares of the company traded hands, compared to its average volume of 1,312,586. The company's fifty day moving average is $48.65 and its two-hundred day moving average is $42.16. SL Green Realty has a fifty-two week low of $20.51 and a fifty-two week high of $55.75. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $3.32 billion, a PE ratio of -5.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.71.

SL Green Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend is Wednesday, March 27th. SL Green Realty's dividend payout ratio is currently -33.00%.

Insider Transactions at SL Green Realty

In other SL Green Realty news, Director Betsy S. Atkins sold 9,894 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $47.25, for a total value of $467,491.50. Following the completion of the sale, the director now owns 6,886 shares in the company, valued at approximately $325,363.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Carol N. Brown sold 5,118 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.37, for a total transaction of $227,085.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Betsy S. Atkins sold 9,894 shares of SL Green Realty stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $47.25, for a total value of $467,491.50. Following the completion of the sale, the director now owns 6,886 shares of the company's stock, valued at $325,363.50. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton grew its holdings in SL Green Realty by 9.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,588 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 227 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of SL Green Realty by 6.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,291 shares of the real estate investment trust's stock valued at $194,000 after buying an additional 249 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of SL Green Realty by 1.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 13,739 shares of the real estate investment trust's stock valued at $621,000 after buying an additional 255 shares in the last quarter. Yousif Capital Management LLC grew its stake in SL Green Realty by 0.8% in the first quarter. Yousif Capital Management LLC now owns 37,024 shares of the real estate investment trust's stock valued at $3,006,000 after acquiring an additional 299 shares during the period. Finally, Arden Trust Co increased its holdings in shares of SL Green Realty by 1.5% in the fourth quarter. Arden Trust Co now owns 23,935 shares of the real estate investment trust's stock worth $1,081,000 after acquiring an additional 356 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

SL Green Realty Company Profile

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.