SL Green Realty (SLG) Stock Price, News & Analysis

Company Overview

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. This included ownership interests in 26.3 million square feet of Manhattan buildings and 7.2 million square feet securing debt and preferred equity investments.

Key Stats

• Today's Range: $54.10 to $55.99
• 50-Day Range: $54.42 to $65.87
• 52-Week Range: $45.15 to $82.81
• Volume: 877,907 shs
• Average Volume: 1.14 million shs
• Market Capitalization: $3.88 billion
• P/E Ratio: N/A
• Dividend Yield: 5.68%
• Price Target: $67.29
• Consensus Rating: Hold

SL Green Realty Stock Analysis - MarketRank™

SL Green Realty scored higher than 67% of companies evaluated by MarketBeat, and ranked 574th out of 918 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

SL Green Realty has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 4 buy ratings, 11 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SL Green Realty has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 2.76%

Earnings Growth

Earnings for SL Green Realty are expected to grow by 2.76% in the coming year, from $5.43 to $5.58 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SL Green Realty is -100.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of SL Green Realty is -100.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

SL Green Realty has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.70% of the outstanding shares of SL Green Realty have been sold short.

Short Interest Ratio / Days to Cover

SL Green Realty has a short interest ratio ("days to cover") of 7.7.

Change versus previous month

Short interest in SL Green Realty has recently increased by 17.75%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

SL Green Realty is a leading dividend payer. It pays a dividend yield of 5.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

SL Green Realty has only been increasing its dividend for 1 years.

Dividend Sustainability

Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 55.38% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.70% of the outstanding shares of SL Green Realty have been sold short.

Short Interest Ratio / Days to Cover

SL Green Realty has a short interest ratio ("days to cover") of 7.7.

Change versus previous month

Short interest in SL Green Realty has recently increased by 17.75%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.08

News Sentiment

SL Green Realty has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for SL Green Realty this week, compared to 9 articles on an average week.

Search Interest

1 people have searched for SLG on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added SL Green Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, SL Green Realty insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $151,525.00 in company stock.

Percentage Held by Insiders

Only 5.04% of the stock of SL Green Realty is held by insiders.

Percentage Held by Institutions

89.96% of the stock of SL Green Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SLG Stock Analysis - Frequently Asked Questions

How have SLG shares performed this year?

SL Green Realty's stock was trading at $67.92 at the start of the year. Since then, SLG shares have decreased by 19.9% and is now trading at $54.4170.

How were SL Green Realty's earnings last quarter?

SL Green Realty Corporation (NYSE:SLG) posted 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 $1.37 by $0.26. The business's quarterly revenue was up 8.6% on a year-over-year basis.
Read the conference call transcript.

When did SL Green Realty's stock split?

SL Green Realty's stock reverse split on Monday, January 24th 2022.The 1-1.030599 reverse split was announced on Monday, January 24th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, January 24th 2022. An investor that had 100 shares of stock prior to the reverse split would have 97 shares after the split.

Who are SL Green Realty's major shareholders?

Top institutional shareholders of SL Green Realty include Bank of New York Mellon Corp (0.89%), Allianz Asset Management GmbH (0.60%), Aberdeen Group plc (0.21%) and Nisa Investment Advisors LLC (0.16%). Insiders that own company stock include Matthew J Diliberto, Betsy S Atkins, Andrew W Mathias, Craig M Hatkoff, Carol N Brown and Edwin T Burton III.
View institutional ownership trends.

How do I buy shares of SL Green Realty?

Shares of SLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of SL Green Realty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SL Green Realty investors own include NVIDIA (NVDA), Meta Platforms (META), AT&T (T), Intel (INTC), Advanced Micro Devices (AMD), Exxon Mobil (XOM) and Tesla (TSLA).

Company Calendar

• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Dividend Payable: 7/15/2025
• Last Earnings: 7/16/2025
• Record date for 8/15 Dividend: 7/31/2025
• Ex-Dividend for 8/15 Dividend: 7/31/2025
• Today: 8/07/2025
• Dividend Payable: 8/15/2025
• Next Earnings (Estimated): 10/15/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Office REITs
• Current Symbol: NYSE:SLG
• CIK: 1040971
• Web: www.slgreen.com
• Phone: (212) 594-2700
• Fax: 212-216-1790
• Employees: 1,221
• Year Founded: 1997

Price Target and Rating

• Average Price Target for SL Green Realty: $67.29
• High Price Target: $87.00
• Low Price Target: $55.00
• Potential Upside/Downside: +23.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.27
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.54)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 10.02
• P/E Growth: N/A
• Net Income: $30.65 million
• Net Margins: -2.21%
• Pretax Margin: 16.24%
• Return on Equity: -1.19%
• Return on Assets: -0.43%

Debt

• Debt-to-Equity Ratio: 0.98
• Current Ratio: 2.72
• Quick Ratio: 2.85

Sales & Book Value

• Annual Sales: $886.27 million
• Price / Sales: 4.38
• Cash Flow: $0.28 per share
• Price / Cash Flow: 197.32
• Book Value: $55.33 per share
• Price / Book: 0.98

Miscellaneous

• Outstanding Shares: 71,310,000
• Free Float: 67,712,000
• Market Cap: $3.88 billion
• Optionable: Optionable
• Beta: 1.69