SL Green Realty - SLG Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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12 Wall Street analysts have issued 12 month price objectives for SL Green Realty's shares. Their SLG share price forecasts range from $41.00 to $88.00. On average, they anticipate the company's stock price to reach $60.51 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
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SL Green Realty's stock was trading at $73.8939 at the beginning of the year. Since then, SLG shares have decreased by 31.3% and is now trading at $50.77.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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SL Green Realty Corp. (NYSE:SLG) issued its quarterly earnings data on Wednesday, July, 20th. The real estate investment trust reported ($0.70) EPS 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 quarter last year, the company earned $1.65 EPS.

SL Green Realty declared a monthly dividend on Wednesday, July 20th. Stockholders of record on Friday, July 29th will be given a dividend of $0.3108 per share on Monday, August 15th. This represents a $3.73 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Thursday, July 28th.
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 7.35%. 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 55.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLG.

SL Green Realty shares reverse split on the morning of 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 market closes 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."

SL Green Realty's stock is owned by a number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (3.24%), DAVENPORT & Co LLC (1.98%), FMR LLC (1.92%), Northern Trust Corp (1.54%), JPMorgan Chase & Co. (1.40%) and LDR Capital Management LLC (0.97%). Insiders that own company 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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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.
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One share of SLG stock can currently be purchased for approximately $50.77.

SL Green Realty (NYSE:SLG) has a market capitalization of $3.26 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.