SL Green Realty (SLG) Expected to Announce Earnings on Wednesday

SL Green Realty (NYSE:SLG - Get Free Report) is anticipated to issue its Q2 2025 quarterly 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 released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.40 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate 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 Price Performance

Shares of SLG stock traded up $0.43 during trading hours on Friday, hitting $63.93. The stock had a trading volume of 619,559 shares, compared to its average volume of 879,923. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of -152.20 and a beta of 1.65. SL Green Realty has a one year low of $45.15 and a one year high of $82.81. The stock's 50-day moving average price is $60.20 and its two-hundred day moving average price is $60.47.

SL Green Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, June 30th. SL Green Realty's payout ratio is -735.71%.

Institutional Trading of SL Green Realty

Several institutional investors and hedge funds have recently made changes to their positions in SLG. AQR Capital Management LLC lifted its holdings 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 in the last quarter. United Services Automobile Association bought a new position in SL Green Realty in the 1st quarter worth about $253,000. Finally, Empowered Funds LLC increased its position in shares of 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 acquiring an additional 722 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SLG. Wells Fargo & Company cut their target price on shares of 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. Evercore ISI upgraded shares of SL Green Realty from an "in-line" rating to an "outperform" rating and lowered their price objective for the company from $74.00 to $73.00 in a research report on Monday, March 17th. Wall Street Zen downgraded shares of SL Green Realty from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Piper Sandler lowered their price target on shares of SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SL Green Realty in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, SL Green Realty presently has a consensus rating of "Hold" and an average target price of $65.60.

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.