SL Green Realty (NYSE:SLG) Updates FY 2025 Earnings Guidance

SL Green Realty (NYSE:SLG - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.650-5.950 for the period, compared to the consensus earnings per share estimate of 5.465. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

SLG has been the subject of several recent research reports. Barclays lowered their price objective on shares of SL Green Realty from $76.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SL Green Realty in a research report on Friday, May 23rd. Wall Street Zen downgraded shares of SL Green Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Wells Fargo & Company decreased their price target on shares of SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Finally, Truist Financial decreased their price target on shares of SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $65.33.

SL Green Realty Stock Up 2.3%

NYSE:SLG traded up $1.42 on Wednesday, hitting $63.76. 1,995,910 shares of the company's stock traded hands, compared to its average volume of 884,039. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.99. SL Green Realty has a 1 year low of $45.15 and a 1 year high of $82.81. The firm has a 50-day moving average price of $60.70 and a 200-day moving average price of $60.33. The company has a market cap of $4.55 billion, a PE ratio of -151.80 and a beta of 1.65.

SL Green Realty (NYSE:SLG - Get Free Report) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.25. SL Green Realty had a negative return on equity of 0.98% and a negative net margin of 1.30%. Equities analysts anticipate that SL Green Realty will post 5.43 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.2575 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.03 annualized dividend and a yield of 1.62%. SL Green Realty's dividend payout ratio (DPR) is currently -735.71%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. United Services Automobile Association bought a new stake in SL Green Realty in the first quarter valued at $253,000. Empowered Funds LLC grew its position in SL Green Realty by 10.9% in the first quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust's stock valued at $425,000 after acquiring an additional 722 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of SL Green Realty by 74.8% during the first quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust's stock worth $1,519,000 after purchasing an additional 11,506 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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