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

$72.66
+0.62 (+0.86%)
(As of 02:40 PM ET)

About SL Green Realty Stock (NYSE:SLG)

Key Stats

Today's Range
$71.53
$73.51
50-Day Range
$59.38
$72.04
52-Week Range
$28.55
$73.80
Volume
306,388 shs
Average Volume
1.02 million shs
Market Capitalization
$4.73 billion
P/E Ratio
N/A
Dividend Yield
4.13%
Price Target
$59.64
Consensus Rating
Hold

Company Overview

SL Green Realty Corp. is a New York-based real estate investment trust specializing in acquiring, developing, and managing commercial properties in the United States. With over 100 properties in its portfolio, the company primarily focuses on office, retail, and mixed-use properties in the New York metropolitan area and other key markets nationwide. SL Green was founded in 1997 and went public in 1997.

A seasoned management team leads the company, including Chairman and Chief Executive Officer Marc Holliday and President and Chief Investment Officer Andrew Mathias. Mr. Holliday has been with SL Green since its inception and has over 30 years of experience in the real estate industry. Before joining SL Green, he worked at Lazard Freres & Co., a leading investment bank. Mr. Mathias has been with the company since 2004 and has been instrumental in driving the growth of its portfolio through strategic acquisitions and development projects.

Over the past few years, SL Green has seen consistent growth in its key financial metrics, driven by demand for office space in the New York market. The company reported total revenues increasing yearly, driven by rental income and property sales. Earnings per share (EPS) have increased annually over the past several years. The company's profit margin is approximately 24% which has also increased. SL Green has also maintained a relatively low level of debt, with a debt-to-equity ratio lower than the industry average, which gives it the flexibility to pursue growth opportunities.

SL Green is currently trading at a price-to-earnings ratio below the industry average. The company's price-to-book ratio is in line with industry peers. These metrics suggest that the company may be undervalued relative to its peers.

Regarding market performance, SL Green's stock has had a volatile ride over the past few years, primarily due to uncertainty surrounding the COVID-19 pandemic and its impact on the real estate market. However, the stock has been working to rebound from these issues, as investors remain cautious about the commercial real estate market outlook.

SL Green operates in a highly competitive industry, with numerous competitors vying for prime commercial real estate assets in key markets nationwide. The company's primary competitors include Boston Properties, Vornado Realty Trust, and Brookfield Property Partners. Regulatory and political issues, such as zoning laws and tax policy changes, can also impact the industry and SL Green's business operations.

Looking ahead, SL Green has several potential growth opportunities to drive future revenue and earnings growth. These include launching new properties in key markets, such as the recently completed One Vanderbilt skyscraper in Manhattan and potential acquisitions of new properties in attractive markets. The company may also pursue expansion into new markets outside its core New York market, such as Boston, Washington D.C., or Los Angeles.

However, many potential risks and challenges could impact the company's growth prospects. These include changes in consumer preferences, such as the continued shift towards remote work and reduced demand for office space, as well as regulatory changes and economic downturns that could impact the broader real estate market. Additionally, SL Green's portfolio is heavily concentrated in the New York market, which exposes it to risks associated with regional economic factors, such as changes in the local job market or real estate market conditions.

SL Green Realty Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 31st Percentile

SL Green Realty scored higher than 31% of companies evaluated by MarketBeat, and ranked 799th out of 908 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    SL Green Realty has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 9 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    SL Green Realty has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about SL Green Realty's stock forecast and price target.
  • Earnings Growth

    Earnings for SL Green Realty are expected to decrease by -31.79% in the coming year, from $7.58 to $5.17 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of SL Green Realty is -8.67, 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 -8.67, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    SL Green Realty has a PEG Ratio of 2.15. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    SL Green Realty has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about SL Green Realty's valuation and earnings.
  • Percentage of Shares Shorted

    15.17% of the float of SL Green Realty has been sold short.
  • Short Interest Ratio / Days to Cover

    SL Green Realty has a short interest ratio ("days to cover") of 12.7, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in SL Green Realty has recently decreased by 0.51%, indicating that investor sentiment is improving.
  • Dividend Leadership

    SL Green Realty is a leading dividend payer. It pays a dividend yield of 4.39%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    SL Green Realty does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 58.03% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.

  • Read more about SL Green Realty's dividend.
  • Percentage of Shares Shorted

    15.17% of the float of SL Green Realty has been sold short.
  • Short Interest Ratio / Days to Cover

    SL Green Realty has a short interest ratio ("days to cover") of 12.7, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in SL Green Realty has recently decreased by 0.51%, indicating that investor sentiment is improving.
  • News Sentiment

    SL Green Realty has a news sentiment score of 0.75. 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 0.58 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for SL Green Realty this week, compared to 5 articles on an average week.
  • Search Interest

    13 people have searched for SLG on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added SL Green Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, SL Green Realty insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 5.08% 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.

  • Read more about SL Green Realty's insider trading history.
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SLG Stock News Headlines

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SL Green Realty (NYSE:SLG) Upgraded by Evercore ISI to Inline
Evercore ISI Group Upgrades SL Green Realty (SLG)
SL Green Realty (NYSE:SLG) Raised to Neutral at Citigroup
See More Headlines

SLG Stock Analysis - Frequently Asked Questions

SL Green Realty's stock was trading at $45.17 at the start of the year. Since then, SLG shares have increased by 58.6% and is now trading at $71.64.
View the best growth stocks for 2024 here
.

SL Green Realty Corp. (NYSE:SLG) announced its quarterly earnings data on Wednesday, July, 17th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.09. The business's revenue for the quarter was down 9.4% compared to the same quarter last year.

Shares of SL Green Realty 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.

Top institutional shareholders of SL Green Realty include Dimensional Fund Advisors LP (1.51%), Bank of New York Mellon Corp (1.23%), Federated Hermes Inc. (0.66%) and Principal Financial Group Inc. (0.49%). Insiders that own company stock include Matthew J Diliberto, Betsy S Atkins, Andrew W Mathias, Craig M Hatkoff, Edwin T Burton III, Carol N Brown and John H Alschuler Jr.
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that SL Green Realty investors own include AT&T (T), Pfizer (PFE), Simon Property Group (SPG), Altria Group (MO), Realty Income (O), Intel (INTC) and AbbVie (ABBV).

Company Calendar

Last Earnings
7/17/2024
Ex-Dividend for 8/15 Dividend
7/31/2024
Dividend Payable
8/15/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Today
9/19/2024
Next Earnings (Confirmed)
10/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Office REITs
CUSIP
78440X10
Employees
1,188
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$59.64
High Stock Price Target
$75.00
Low Stock Price Target
$42.00
Potential Upside/Downside
-17.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
13 Analysts

Profitability

Net Income
$-557,300,000.00
Pretax Margin
-13.19%

Debt

Sales & Book Value

Annual Sales
$832.61 million
Book Value
$59.82 per share

Miscellaneous

Free Float
62,513,000
Market Cap
$4.76 billion
Optionable
Optionable
Beta
1.83

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This page (NYSE:SLG) was last updated on 9/19/2024 by MarketBeat.com Staff
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