About SL Green Realty (NYSE:SLG)
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, 2018, SL Green held interests in 118 Manhattan buildings totaling 49.9 million square feet. This included ownership interests in 28.7 million square feet of Manhattan buildings and debt and preferred equity investments secured by 21.2 million square feet of buildings. In addition, SL Green held ownership interests in 25 suburban buildings totaling 3.7 million square feet in Brooklyn, Long Island, Westchester County, and Connecticut.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio15.41
Forward P/E Ratio14.78
Sales & Book Value
Annual Sales$1.51 billion
Price / Sales5.84
Cash Flow$5.6442 per share
Price / Cash17.68
Book Value$73.59 per share
Price / Book1.36
EPS (Most Recent Fiscal Year)$6.45
Net Income$112.77 million
Return on Equity2.72%
Return on Assets1.33%
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, June 15th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.813 per share on Monday, July 16th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, June 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 of Directors has approved a share repurchase plan on Saturday, December 2nd 2017, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
How were SL Green Realty's earnings last quarter?
SL Green Realty Corp (NYSE:SLG) announced its earnings results on Wednesday, April, 18th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.65 by $1.10. The real estate investment trust had revenue of $301.70 million for the quarter, compared to the consensus estimate of $295.93 million. SL Green Realty had a return on equity of 2.72% and a net margin of 13.36%. The company's quarterly revenue was down 20.1% on a year-over-year basis. During the same quarter last year, the business posted $1.57 EPS. View SL Green Realty's Earnings History.
When is SL Green Realty's next earnings date?
What price target have analysts set for SLG?
16 analysts have issued twelve-month target prices for SL Green Realty's stock. Their forecasts range from $97.00 to $130.00. On average, they anticipate SL Green Realty's share price to reach $112.2143 in the next year. View Analyst Ratings for SL Green Realty.
Who are some of SL Green Realty's key competitors?
Some companies that are related to SL Green Realty include Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), UNIBAIL-RODAMCO/ADR (UNRDY), Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS) and Realty Income (O).
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)
Has SL Green Realty been receiving favorable news coverage?
News articles about SLG stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SL Green Realty earned a news impact score of 0.05 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 47.46 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are SL Green Realty's major shareholders?
SL Green Realty's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.90%), Boston Partners (2.59%), Principal Financial Group Inc. (2.25%), Principal Financial Group Inc. (2.29%), Dimensional Fund Advisors LP (1.73%) and Northern Trust Corp (1.69%). Company insiders that own SL Green Realty stock include Andrew S Levine, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, Eleanor Jean Barker, 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 major investors are selling SL Green Realty stock?
SLG stock was sold by a variety of institutional investors in the last quarter, including Long Pond Capital LP, Daiwa Securities Group Inc., BlackRock Inc., Migdal Insurance & Financial Holdings Ltd., UBS Group AG, Principal Financial Group Inc., Principal Financial Group Inc. and Northern Trust Corp. Company insiders that have sold SL Green Realty company stock in the last year include Andrew S Levine, Craig M Hatkoff, John H Alschuler Jr, John S Levy and Marc Holliday. View Insider Buying and Selling for SL Green Realty.
Which major investors are buying SL Green Realty stock?
SLG stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nuveen Asset Management LLC, Madison International Realty Holdings LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, State of Tennessee Treasury Department, Royal Bank of Canada and Amundi Pioneer Asset Management Inc.. Company insiders that have bought SL Green Realty stock in the last two years include Eleanor Jean Barker and Marc Holliday. 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 $99.79.
How big of a company is SL Green Realty?
SL Green Realty has a market capitalization of $8.78 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.
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 (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.