SL Green Realty - SLG Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last twelve months. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SLG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLG, but not buy additional shares or sell existing shares.
View SLG analyst ratings or view top-rated stocks.

12 brokers have issued 1 year price objectives for SL Green Realty's shares. Their SLG share price forecasts range from $44.00 to $88.00. On average, they predict the company's share price to reach $57.42 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price.
View analysts price targets for SLG or view top-rated stocks among Wall Street analysts.

SL Green Realty's stock was trading at $73.8939 at the beginning of the year. Since then, SLG shares have decreased by 45.7% and is now trading at $40.16.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our SLG earnings forecast.

SL Green Realty will be holding an earnings conference call on Thursday, October 20th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

SL Green Realty Corp. (NYSE:SLG) released its quarterly earnings results on Wednesday, July, 20th. The real estate investment trust reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by $0.76. The real estate investment trust had revenue of $155.20 million for the quarter, compared to the consensus estimate of $157.74 million. SL Green Realty had a net margin of 40.01% and a trailing twelve-month return on equity of 6.35%. The firm's revenue was down 15.9% compared to the same quarter last year. During the same period last year, the firm posted $1.65 EPS.

SL Green Realty declared a monthly dividend on Monday, September 19th. Investors of record on Friday, September 30th will be given a dividend of $0.3108 per share on Monday, October 17th. This represents a $3.73 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for SLG.

SL Green Realty (NYSE:SLG) pays an annual dividend of $3.73 per share and currently has a dividend yield of 9.53%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SLG will have a dividend payout ratio of 56.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLG.

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.

20 employees have rated SL Green Realty Chief Executive Officer Marc Holliday on Glassdoor.com. Marc Holliday has an approval rating of 83% among the company's employees.

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

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

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

One share of SLG stock can currently be purchased for approximately $40.16.

SL Green Realty (NYSE:SLG) has a market capitalization of $2.58 billion and generates $843.99 million in revenue each year. The real estate investment trust earns $457.06 million in net income (profit) each year or $4.5160 on an earnings per share basis.

The company employs 931 workers across the globe.

SL Green Realty's mailing address is 420 LEXINGTON AVENUE, NEW YORK NY, 10170. The official website for the company is www.slgreen.com. The real estate investment trust can be reached via phone at (212) 594-2700, via email at investor.relations@slgreen.com, or via fax at 212-216-1790.