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 Ratio14.67
Forward P/E Ratio14.06
P/E Growth3.14
Sales & Book Value
Annual Sales$1.51 billion
Price / Sales5.34
Cash Flow$5.5940 per share
Price / Cash16.92
Book Value$76.38 per share
Price / Book1.24
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$8.10 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, September 14th. Stockholders of record on Friday, September 28th will be given a dividend of $0.8125 per share on Monday, October 15th. This represents a $3.25 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, September 27th. 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 buyback program on Saturday, December 2nd 2017, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.
How were SL Green Realty's earnings last quarter?
SL Green Realty Corp (NYSE:SLG) announced its earnings results on Wednesday, October, 17th. The real estate investment trust reported $1.03 earnings per share 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 net margin of 26.46% and a return on equity of 5.05%. SL Green Realty's revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the prior year, the company 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?
12 brokers have issued 12-month price targets for SL Green Realty's stock. Their forecasts range from $97.00 to $116.00. On average, they anticipate SL Green Realty's share price to reach $108.50 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View Analyst Price Targets for SL Green Realty.
What is the consensus analysts' recommendation for SL Green Realty?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 1 sell rating, 6 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?
Press coverage about SLG stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. SL Green Realty earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of SL Green Realty's key competitors?
Some companies that are related to SL Green Realty include Equinix (EQIX), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Weyerhaeuser (WY), SBA Communications (SBAC), Boston Properties (BXP), Brookfield Property Reit (BPR), Realty Income (O), Essex Property Trust (ESS), Host Hotels and Resorts (HST), HCP (HCP) and Alexandria Real Estate Equities (ARE).
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 number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.10%), FMR LLC (6.09%), PGGM Investments (1.27%), Bank of New York Mellon Corp (1.14%), Russell Investments Group Ltd. (0.89%) and JPMorgan Chase & Co. (0.80%). 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, 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 PGGM Investments, BlackRock Inc., Timbercreek Investment Management Inc., Securian Asset Management Inc, Swiss National Bank, Russell Investments Group Ltd., Forsta AP Fonden and Rhumbline Advisers. 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 major investors are buying SL Green Realty stock?
SLG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., Cambiar Investors LLC, WINTON GROUP Ltd, AXA, Canada Pension Plan Investment Board, Wells Fargo & Company MN and Artemis Investment Management LLP. 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 $94.65.
How big of a company is SL Green Realty?
SL Green Realty has a market capitalization of $8.10 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.
