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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
Current SymbolNYSE:SLG
Previous Symbol
CUSIP78440X10
Phone212-594-2700
Debt
Debt-to-Equity Ratio0.86
Current Ratio1.93
Quick Ratio1.93
Price-To-Earnings
Trailing P/E Ratio13.84
Forward P/E Ratio13.47
P/E Growth3.01
Sales & Book Value
Annual Sales$1.51 billion
Price / Sales5.04
Cash Flow$5.6151 per share
Price / Cash Flow15.90
Book Value$73.59 per share
Price / Book1.21
Profitability
EPS (Most Recent Fiscal Year)$6.45
Net Income$112.77 million
Net Margins26.46%
Return on Equity5.05%
Return on Assets2.47%
Miscellaneous
Employees1,065
Outstanding Shares85,270,000
Market Cap$7.61 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 declared a quarterly dividend on Friday, November 30th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.85 per share on Tuesday, January 15th. This represents a $3.40 annualized dividend and a yield of 3.81%. The ex-dividend date is Monday, December 31st. This is a boost 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 announced that its Board of Directors has authorized a share buyback plan 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 purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were SL Green Realty's earnings last quarter?
SL Green Realty Corp (NYSE:SLG) issued its earnings results on Wednesday, October, 17th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.69 by $0.66. The real estate investment trust had revenue of $250.87 million for the quarter, compared to analyst estimates of $242.18 million. SL Green Realty had a return on equity of 5.05% and a net margin of 26.46%. The firm's revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.49 earnings per share. View SL Green Realty's Earnings History.
When is SL Green Realty's next earnings date?
What price target have analysts set for SLG?
11 brokerages have issued 12-month target prices for SL Green Realty's shares. Their forecasts range from $97.00 to $118.00. On average, they expect SL Green Realty's share price to reach $108.80 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View Analyst Price Targets for SL Green Realty.
What is the consensus analysts' recommendation for SL Green Realty?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 1 sell rating, 5 hold ratings and 5 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 stories about SLG stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. SL Green Realty earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are some of SL Green Realty's key competitors?
Some companies that are related to SL Green Realty include Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), SBA Communications (SBAC), Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE) and Vornado Realty Trust (VNO).
Who are SL Green Realty's key executives?
SL Green Realty's management team includes the folowing people:
- Mr. Marc Holliday, CEO & Director (Age 52)
- Mr. Andrew W. Mathias, Pres & Director (Age 44)
- Mr. Matthew J. DiLiberto, Chief Financial Officer (Age 44)
- Mr. Andrew S. Levine, Chief Legal Officer, Exec. VP, Gen. Counsel & Sec. (Age 59)
- Mr. Edward V. Piccinich, Chief Operating Officer (Age 55)
Who are SL Green Realty's major shareholders?
SL Green Realty's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc (16.50%), BlackRock Inc. (10.10%), FMR LLC (6.09%), Morgan Stanley (5.08%), Dimensional Fund Advisors LP (1.81%) and PGGM Investments (1.27%). 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 Vanguard Group Inc, Teachers Advisors LLC, PGGM Investments, BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, TIAA CREF Investment Management LLC, Timbercreek Investment Management Inc. and Macquarie Group Ltd.. 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., Cambiar Investors LLC, Uniplan Investment Counsel Inc., WINTON GROUP Ltd, Renaissance Technologies LLC, AXA and Panagora Asset Management Inc.. 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 $89.28.
How big of a company is SL Green Realty?
SL Green Realty has a market capitalization of $7.61 billion and generates $1.51 billion in revenue each year. The real estate investment trust earns $112.77 million in net income (profit) each year or $6.45 on an earnings per share basis. SL Green Realty employs 1,065 workers across the globe.
What is SL Green Realty's official website?
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)
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.
