NYSE:SLG - SL Green Realty Stock Price, News, & Analysis

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$91.60 +0.63 (+0.69 %)
(As of 02/18/2019 03:16 AM ET)
Previous Close$91.60
Today's Range$91.16 - $92.10
52-Week Range$76.77 - $106.54
Volume630,018 shs
Average Volume680,001 shs
Market Capitalization$7.74 billion
P/E Ratio13.84
Dividend Yield3.74%
Beta1.34
SL Green Realty Corp., an S&P 500 company and New York City'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 September 30, 2018, SL Green held interests in 106 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 28.2 million square feet of Manhattan buildings and 18.2 million square feet of buildings securing debt and preferred equity investments. In addition, SL Green held ownership interests in 15 suburban buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP78440X10
Phone212-594-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.23 billion
Cash Flow$6.3347 per share
Book Value$72.37 per share

Profitability

Net Income$258.64 million

Miscellaneous

Employees1,065
Market Cap$7.74 billion
OptionableOptionable

SL Green Realty (NYSE:SLG) Frequently Asked Questions

What is SL Green Realty's stock symbol?

SL Green Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLG."

How often does SL Green Realty pay dividends? What is the dividend yield for SL Green Realty?

SL Green Realty announced a quarterly dividend on Friday, November 30th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.85 per share on Tuesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Monday, December 31st. This is an increase from SL Green Realty's previous quarterly dividend of $0.81. View SL Green Realty's Dividend History.

How will SL Green Realty's stock buyback program work?

SL Green Realty declared that its board has authorized a share buyback program on Saturday, December 2nd 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

How were SL Green Realty's earnings last quarter?

SL Green Realty Corp (NYSE:SLG) announced its quarterly earnings results on Wednesday, January, 23rd. The real estate investment trust reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by $2.45. The real estate investment trust had revenue of $317.04 million for the quarter, compared to analysts' expectations of $255.12 million. SL Green Realty had a net margin of 20.15% and a return on equity of 3.82%. SL Green Realty's revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. View SL Green Realty's Earnings History.

When is SL Green Realty's next earnings date?

SL Green Realty is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for SL Green Realty.

What price target have analysts set for SLG?

15 analysts have issued 12 month price targets for SL Green Realty's shares. Their predictions range from $86.79 to $118.00. On average, they expect SL Green Realty's stock price to reach $102.3421 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price. View Analyst Price Targets for SL Green Realty.

What is the consensus analysts' recommendation for SL Green Realty?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 2 sell ratings, 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SL Green Realty.

Has SL Green Realty been receiving favorable news coverage?

News articles about SLG stock have been trending somewhat positive on Monday, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SL Green Realty earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.

Who are some of SL Green Realty's key competitors?

Who are SL Green Realty's key executives?

SL Green Realty's management team includes the folowing people:
  • Mr. Marc Holliday, CEO & Director (Age 53)
  • Mr. Andrew W. Mathias, Pres & Director (Age 45)
  • Mr. Matthew J. DiLiberto, Chief Financial Officer (Age 45)
  • Mr. Andrew S. Levine, Chief Legal Officer, Exec. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Edward V. Piccinich, Chief Operating Officer (Age 56)

Who are SL Green Realty's major shareholders?

SL Green Realty's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.81%), Boston Partners (7.48%), Dimensional Fund Advisors LP (1.66%), Northern Trust Corp (1.59%), Geode Capital Management LLC (1.58%) and Lasalle Investment Management Securities LLC (1.15%). Company insiders that own SL Green Realty stock include Andrew S Levine, Andrew W Mathias, Craig M Hatkoff, John H Alschuler Jr, John S Levy, Marc Holliday, Matthew J Diliberto and Stephen L Green. View Institutional Ownership Trends for SL Green Realty.

Which institutional investors are selling SL Green Realty stock?

SLG stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., PGGM Investments, Standard Life Aberdeen plc, Lasalle Investment Management Securities LLC, Lord Abbett & CO. LLC, Securian Asset Management Inc, Aviva PLC and Nuveen Asset Management LLC. Company insiders that have sold SL Green Realty company stock in the last year include Andrew S Levine, Andrew W Mathias, Craig M Hatkoff, John S Levy, Marc Holliday and Matthew J Diliberto. View Insider Buying and Selling for SL Green Realty.

Which institutional investors are buying SL Green Realty stock?

SLG stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, Millennium Management LLC, WINTON GROUP Ltd, Bank of America Corp DE, Canada Pension Plan Investment Board and Geode Capital Management LLC. View Insider Buying and Selling for SL Green Realty.

How do I buy shares of SL Green Realty?

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

What is SL Green Realty's stock price today?

One share of SLG stock can currently be purchased for approximately $91.60.

How big of a company is SL Green Realty?

SL Green Realty has a market capitalization of $7.74 billion and generates $1.23 billion in revenue each year. The real estate investment trust earns $258.64 million in net income (profit) each year or $6.62 on an earnings per share basis. SL Green Realty employs 1,065 workers across the globe.

What is SL Green Realty's official website?

The official website for SL Green Realty is http://www.slgreen.com.

How can I contact SL Green Realty?

SL Green Realty's mailing address is 420 LEXINGTON AVENUE, NEW YORK NY, 10170. The real estate investment trust can be reached via phone at 212-594-2700 or via email at [email protected]


MarketBeat Community Rating for SL Green Realty (NYSE SLG)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  437 (Vote Outperform)
Underperform Votes:  421 (Vote Underperform)
Total Votes:  858
MarketBeat's community ratings are surveys of what our community members think about SL Green Realty and other stocks. Vote "Outperform" if you believe SLG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SLG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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