SL Green Realty Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SL Green Realty stock. 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.
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11 brokerages have issued twelve-month price objectives for SL Green Realty's stock. Their SLG stock forecasts range from $51.00 to $88.00. On average, they anticipate SL Green Realty's stock price to reach $73.76 in the next twelve months. This suggests a possible upside of 51.8% from the stock's current price.
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SL Green Realty's stock was trading at $73.893948 at the beginning of the year. Since then, SLG shares have decreased by 34.2% and is now trading at $48.59.
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SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
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SL Green Realty will be holding an earnings conference call on Thursday, July 21st 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 earnings results on Wednesday, April, 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.10. The real estate investment trust earned $187.96 million during the quarter, compared to the consensus estimate of $163.65 million. SL Green Realty had a trailing twelve-month return on equity of 9.58% and a net margin of 57.70%. SL Green Realty's revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.78 earnings per share.
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SL Green Realty announced a monthly dividend on Tuesday, June 14th. Investors of record on Thursday, June 30th will be paid a dividend of $0.311 per share on Friday, July 15th. This represents a $3.73 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a positive change from SL Green Realty's previous monthly dividend of $0.31.
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SL Green Realty(NYSE:SLG) pays an annual dividend of $3.73 per share and currently has a dividend yield of 7.54%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of SL Green Realty is 55.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 53.29% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.
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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 SL Green Realty stock prior to the reverse split would have 97 shares after the split.

20 employees have rated SL Green Realty CEO Marc Holliday on Glassdoor.com. Marc Holliday has an approval rating of 83% among SL Green Realty's employees.

Some companies that are related to SL Green Realty include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), Kilroy Realty (KRC), Douglas Emmett (DEI), Highwoods Properties (HIW), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Hudson Pacific Properties (HPP), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM) and Franklin Street Properties (FSP).
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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."

SL Green Realty's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.90%), BlackRock Inc. (14.15%), State Street Corp (6.02%), DAVENPORT & Co LLC (2.32%), Confluence Investment Management LLC (2.08%) and Wellington Management Group LLP (1.87%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, John H Alschuler Jr, Marc Holliday and Stephen L Green.
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SLG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Centersquare Investment Management LLC, JPMorgan Chase & Co., Bank of New York Mellon Corp, Migdal Insurance & Financial Holdings Ltd., Cannell & Co., Vanguard Group Inc., and Invesco Ltd.. Company insiders that have sold SL Green Realty company stock in the last two years include Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, and John H Alschuler Jr.
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SLG stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, abrdn plc, Advisors Capital Management LLC, Wellington Management Group LLP, Prudential Financial Inc., Castle Hook Partners LP, Northern Trust Corp, and Principal Financial Group Inc..
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Shares of SLG 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.
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One share of SLG stock can currently be purchased for approximately $48.59.

SL Green Realty (NYSE:SLG) has a market capitalization of $3.12 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 $6.7722 on an earnings per share basis.

SL Green Realty employs 931 workers across the globe.

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