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

SL Green Realty (NYSE:SLG - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 16th. Analysts expect the company to announce 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 earnings results 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 return on equity of 0.98% and a negative net margin of 1.30%. The company had revenue of $144.52 million during the quarter, compared to analysts' expectations 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

SLG traded up $0.43 during trading hours on Friday, hitting $63.93. 841,408 shares of the stock were exchanged, compared to its average volume of 878,758. The stock has a 50-day simple moving average of $60.37 and a 200-day simple moving average of $60.44. SL Green Realty has a 12 month low of $45.15 and a 12 month high of $82.81. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of -152.20 and a beta of 1.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.85 and a quick ratio of 2.85.

SL Green Realty Dividend Announcement

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

Hedge Funds Weigh In On SL Green Realty

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its stake in SL Green Realty by 74.8% in the 1st 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 in the last quarter. Empowered Funds LLC boosted its position 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 worth $425,000 after acquiring an additional 722 shares during the period. Finally, United Services Automobile Association acquired a new stake in SL Green Realty during the 1st quarter worth about $253,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial cut their target price on SL Green Realty from $62.00 to $54.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI upgraded SL Green Realty from an "in-line" rating to an "outperform" rating and cut their target price for the company from $74.00 to $73.00 in a research note on Monday, March 17th. Piper Sandler cut their target price on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Jefferies Financial Group assumed coverage on SL Green Realty in a report on Monday, March 17th. They set a "hold" rating and a $58.00 price target on the stock. Finally, Wall Street Zen lowered SL Green Realty from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. 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 stock. According to data from MarketBeat.com, the company currently 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.