SL Green Realty Corporation (NYSE:SLG) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts rate SL Green as a "Hold" — 19 firms cover the stock (2 sell, 9 hold, 8 buy) with an average 12‑month target price of $51.45.
• The shares trade around $38.41 (12‑month range $34.77–$66.91) with a market cap of $2.74B and a negative price‑to‑earnings ratio (‑23.86), reflecting recent losses despite revenue growth.
• SL Green pays a quarterly dividend of $0.6175 (annualized $2.47) for a yield of 6.4%, with an ex‑dividend date of March 31 and a pay date of April 15.

Shares of SL Green Realty Corporation (NYSE:SLG - Get Free Report) have earned an average rating of "Hold" from the nineteen ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $51.45.

Several research analysts recently commented on SLG shares. Mizuho set a $38.00 price target on SL Green Realty and gave the stock a "neutral" rating in a research note on Tuesday, February 24th. BTIG Research lowered their price objective on SL Green Realty from $75.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, February 5th. Scotiabank set a $52.00 price objective on SL Green Realty and gave the stock a "sector outperform" rating in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft raised SL Green Realty from a "hold" rating to a "buy" rating and cut their target price for the company from $45.00 to $44.00 in a research report on Wednesday, March 18th. Finally, Citigroup decreased their price target on shares of SL Green Realty from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, March 24th.

Institutional Investors Weigh In On SL Green Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of SL Green Realty during the third quarter worth about $27,000. Salomon & Ludwin LLC acquired a new position in SL Green Realty in the third quarter worth about $29,000. Whittier Trust Co. bought a new stake in SL Green Realty in the third quarter valued at about $29,000. Triumph Capital Management bought a new stake in SL Green Realty in the third quarter valued at about $45,000. Finally, Cornerstone Planning Group LLC raised its stake in SL Green Realty by 12,114.3% during the third quarter. Cornerstone Planning Group LLC now owns 855 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 848 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

SL Green Realty Price Performance

SLG opened at $38.41 on Friday. SL Green Realty has a twelve month low of $34.77 and a twelve month high of $66.91. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -23.86 and a beta of 1.61. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $38.74 and a 200 day simple moving average of $45.75.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.03. The firm had revenue of $159.82 million for the quarter, compared to analyst estimates of $162.73 million. SL Green Realty had a negative net margin of 9.66% and a negative return on equity of 2.44%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 EPS. Equities research analysts expect that SL Green Realty will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, March 31st. SL Green Realty's dividend payout ratio is -153.42%.

SL Green Realty Company Profile

SL Green Realty Corp. NYSE: SLG is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City's largest office landlords, the company's portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.

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