SL Green Realty (NYSE:SLG - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. 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 -.
SL Green Realty Stock Down 1.8%
Shares of NYSE SLG traded down $1.11 during mid-day trading on Friday, reaching $60.19. 1,475,311 shares of the company's stock were exchanged, compared to its average volume of 887,091. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -111.46 and a beta of 1.65. The company has a current ratio of 2.72, a quick ratio of 2.85 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $61.06 and a 200 day simple moving average of $60.27. SL Green Realty has a twelve month low of $45.15 and a twelve month high of $82.81.
SL Green Realty (NYSE:SLG - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.26. The company had revenue of $147.54 million during the quarter, compared to analysts' expectations of $171.24 million. SL Green Realty had a negative return on equity of 1.19% and a negative net margin of 2.21%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. As a group, equities analysts expect that SL Green Realty will post 5.43 EPS for the current fiscal year.
SL Green Realty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, June 30th. SL Green Realty's dividend payout ratio (DPR) is currently -572.22%.
Analyst Ratings Changes
Several equities analysts have weighed in on SLG shares. Wall Street Zen lowered SL Green Realty from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. reduced their price objective on SL Green Realty from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Wells Fargo & Company reduced their price objective on SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Scotiabank set a $71.00 price objective on SL Green Realty and gave the company a "sector perform" rating in a report on Monday, July 14th. Finally, Barclays reduced their price objective on SL Green Realty from $76.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $65.60.
Get Our Latest Stock Analysis on SL Green Realty
Insider Transactions at SL Green Realty
In other SL Green Realty news, Director Carol N. Brown sold 2,500 shares of SL Green Realty stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $60.61, for a total transaction of $151,525.00. Following the sale, the director directly owned 937 shares of the company's stock, valued at approximately $56,791.57. The trade was a 72.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.04% of the stock is currently owned by corporate insiders.
Institutional Trading of SL Green Realty
Hedge funds have recently made changes to their positions in the stock. United Services Automobile Association purchased a new stake in SL Green Realty during the 1st quarter valued at $253,000. Empowered Funds LLC raised its stake in SL Green Realty by 10.9% during the 1st quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 722 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in SL Green Realty by 74.8% during the 1st quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust's stock valued at $1,519,000 after buying an additional 11,506 shares during the last quarter. 89.96% of the stock is owned by institutional investors.
About SL Green Realty
(
Get Free Report)
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.
See Also
Before you consider SL Green Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SL Green Realty wasn't on the list.
While SL Green Realty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
