NYSE:SLG - SL Green Realty Stock Price, News, & Analysis

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$87.40 -0.14 (-0.16 %)
(As of 05/24/2019 08:00 AM ET)
Previous Close$87.54
Today's Range$86.50 - $87.41
52-Week Range$76.77 - $106.54
Volume642,100 shs
Average Volume543,822 shs
Market Capitalization$7.37 billion
P/E Ratio13.20
Dividend Yield3.88%
Beta1.28
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 March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 27.7 million square feet of Manhattan buildings and 18.7 million square feet of buildings securing debt and preferred equity investments. In addition, SL Green held ownership interests in 7 suburban properties comprised of 15 suburban buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP78440X10
Phone212-594-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.23 billion
Cash Flow$9.0947 per share
Book Value$71.56 per share

Profitability

Net Income$258.65 million

Miscellaneous

Employees1,058
Market Cap$7.37 billion
Next Earnings Date7/17/2019 (Estimated)
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 announced a quarterly dividend on Thursday, March 21st. Investors of record on Friday, March 29th will be paid a dividend of $0.85 per share on Monday, April 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, March 28th. View SL Green Realty's Dividend History.

How will SL Green Realty's stock buyback program work?

SL Green Realty declared that its board has initiated a share repurchase plan on Saturday, December 2nd 2017, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

How were SL Green Realty's earnings last quarter?

SL Green Realty Corp (NYSE:SLG) posted its earnings results on Wednesday, April, 17th. The real estate investment trust reported $1.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.72 by $0.04. The real estate investment trust had revenue of $304.30 million for the quarter, compared to analysts' expectations of $244.08 million. SL Green Realty had a return on equity of 3.01% and a net margin of 15.39%. The business's revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 EPS. View SL Green Realty's Earnings History.

When is SL Green Realty's next earnings date?

SL Green Realty is scheduled to release their next quarterly earnings announcement on Wednesday, July 17th 2019. View Earnings Estimates for SL Green Realty.

What price target have analysts set for SLG?

13 analysts have issued twelve-month target prices for SL Green Realty's stock. Their predictions range from $85.50 to $116.00. On average, they expect SL Green Realty's stock price to reach $97.4333 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price. View Analyst Price Targets for SL Green Realty.

What is the consensus analysts' recommendation for SL Green Realty?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 2 sell ratings, 3 hold ratings and 8 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 trended negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. SL Green Realty earned a daily sentiment score of -2.7 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future.

Who are some of SL Green Realty's key competitors?

What other stocks do shareholders of SL Green Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SL Green Realty investors own include Welltower (WELL), Starbucks (SBUX), Ford Motor (F), Exxon Mobil (XOM), Netflix (NFLX), PepsiCo (PEP), Bristol-Myers Squibb (BMY), Freeport-McMoRan (FCX), Home Depot (HD) and Johnson & Johnson (JNJ).

Who are SL Green Realty's key executives?

SL Green Realty's management team includes the folowing people:
  • Mr. Marc Holliday, Chairman & CEO (Age 53)
  • Mr. Andrew W. Mathias, Pres & Director (Age 45)
  • Mr. Matthew J. DiLiberto, Chief Financial Officer (Age 45)
  • Mr. Andrew S. Levine, Chief Legal Officer, Exec. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Edward V. Piccinich, Chief Operating Officer (Age 56)

Who are SL Green Realty's major shareholders?

SL Green Realty's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.59%), Boston Partners (7.56%), Morgan Stanley (5.82%), FMR LLC (3.75%), Geode Capital Management LLC (1.68%) and Dimensional Fund Advisors LP (1.63%). Company insiders that own SL Green Realty stock include Andrew S Levine, Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, John H Alschuler Jr, John S Levy, Marc Holliday and Matthew J Diliberto. 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 FMR LLC, BlackRock Inc., Neuberger Berman Group LLC, JPMorgan Chase & Co., MERIAN GLOBAL INVESTORS UK Ltd, Macquarie Group Ltd., Systematic Financial Management LP and Citigroup Inc.. Company insiders that have sold SL Green Realty company stock in the last year include Andrew W Mathias, Betsy S Atkins, 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 acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Long Pond Capital LP, Geode Capital Management LLC, SG Americas Securities LLC, Virginia Retirement Systems ET AL, Boston Partners, Heitman Real Estate Securities LLC and Securian 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 $87.40.

How big of a company is SL Green Realty?

SL Green Realty has a market capitalization of $7.37 billion and generates $1.23 billion in revenue each year. The real estate investment trust earns $258.65 million in net income (profit) each year or $6.62 on an earnings per share basis. SL Green Realty employs 1,058 workers across the globe.

What is SL Green Realty's official website?

The official website for SL Green Realty is http://www.slgreen.com/.

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)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  449 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  889
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.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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