SL Green Realty Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street equities 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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Wall Street analysts have given SL Green Realty a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but SL Green Realty wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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SL Green Realty saw a drop in short interest in June. As of June 30th, there was short interest totaling 2,300 shares, a drop of 100.0% from the June 15th total of 8,350,000 shares. Based on an average trading volume of 862,900 shares, the short-interest ratio is presently 0.0 days.
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SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for SL Green Realty.

SL Green Realty Corp. (NYSE:SLG) announced its quarterly earnings results on Tuesday, July, 20th. The real estate investment trust reported $1.51 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.62 by $0.11. The real estate investment trust had revenue of $184.61 million for the quarter, compared to analyst estimates of $182.52 million. SL Green Realty had a trailing twelve-month return on equity of 5.78% and a net margin of 32.04%. SL Green Realty's revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share.
View SL Green Realty's earnings history.

SL Green Realty's stock was trading at $67.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SLG stock has increased by 13.1% and is now trading at $76.91.
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SL Green Realty declared a monthly dividend on Friday, July 23rd. Shareholders of record on Friday, July 30th will be given a dividend of $0.3033 per share on Monday, August 16th. This represents a $3.64 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, July 29th.
View SL Green Realty's dividend history.

SL Green Realty pays an annual dividend of $3.64 per share and currently has a dividend yield of 4.78%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. SL Green Realty does not yet have a strong track record of dividend growth. The dividend payout ratio of SL Green Realty is 51.20%. 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 52.60% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.
View SL Green Realty's dividend history.

6 Wall Street analysts have issued 12-month price targets for SL Green Realty's stock. Their forecasts range from $63.00 to $90.00. On average, they anticipate SL Green Realty's stock price to reach $75.00 in the next twelve months. This suggests that the stock has a possible downside of 2.5%.
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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), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Corporate Office Properties Trust (OFC), Equity Commonwealth (EQC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty (CLI) 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 retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (1.75%), DAVENPORT & Co LLC (0.99%), State of Alaska Department of Revenue (0.06%), JLP Asset Management LLC (0.04%), Oregon Public Employees Retirement Fund (0.03%) and New Mexico Educational Retirement Board (0.02%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Marc Holliday and Stephen L Green.
View institutional ownership trends for SL Green Realty.

SLG stock was sold by a variety of institutional investors in the last quarter, including JLP Asset Management LLC.
View insider buying and selling activity for SL Green Realty or view top insider-selling stocks.

SLG stock was purchased by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Confluence Investment Management LLC, Oregon Public Employees Retirement Fund, New Mexico Educational Retirement Board, and State of Alaska Department of Revenue.
View insider buying and selling activity for SL Green Realty or or view top insider-buying stocks.

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 $76.91.

SL Green Realty has a market capitalization of $5.33 billion and generates $1.05 billion in revenue each year. The real estate investment trust earns $379.80 million in net income (profit) each year or $7.11 on an earnings per share basis.

SL Green Realty employs 794 workers across the globe.

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

SL Green Realty is headquartered at 420 LEXINGTON AVENUE, NEW YORK NY, 10170.

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]