SL Green Realty (NYSE:SLG - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, July 16th. Analysts expect SL Green Realty to post earnings of $1.38 per share and revenue of $171.24 million for the quarter.
SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.13. SL Green Realty had a negative net margin of 1.30% and a negative return on equity of 0.98%. The business had revenue of $144.52 million for the quarter, compared to analyst estimates of $158.44 million. On average, analysts expect SL Green Realty to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
SL Green Realty Stock Performance
Shares of SL Green Realty stock traded up $0.57 on Wednesday, reaching $62.28. 912,796 shares of the stock were exchanged, compared to its average volume of 877,276. SL Green Realty has a 1-year low of $45.15 and a 1-year high of $82.81. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average price of $59.80 and a two-hundred day moving average price of $60.49. The firm has a market capitalization of $4.44 billion, a PE ratio of -148.29 and a beta of 1.65.
SL Green Realty Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.2575 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.65%. SL Green Realty's dividend payout ratio (DPR) is -735.71%.
Hedge Funds Weigh In On SL Green Realty
A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased its position in SL Green Realty by 10.9% during the first quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust's stock worth $425,000 after purchasing an additional 722 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of SL Green Realty in the first quarter worth $253,000. Finally, AQR Capital Management LLC increased its position in shares of SL Green Realty by 74.8% in 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 acquiring an additional 11,506 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Truist Financial decreased their price objective on shares of SL Green Realty from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Jefferies Financial Group assumed coverage on shares of SL Green Realty in a report on Monday, March 17th. They set a "hold" rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of SL Green Realty from $70.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday. Barclays decreased their price objective on shares of SL Green Realty from $76.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $65.60.
Check Out Our Latest Stock Report on SLG
About SL Green Realty
(
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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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