NYSE:SLGSL Green Realty Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding SL Green Realty Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $42.12 -1.79 (-4.08 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$41.74Now: $42.12▼$43.5350-Day Range$36.83MA: $45.75▼$54.5352-Week Range$35.16Now: $42.12▼$96.39Volume6.59 million shsAverage Volume1.96 million shsMarket Capitalization$3.22 billionP/E Ratio10.45Dividend Yield8.06%Beta1.69 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.2 Analyst's Opinion Consensus RatingSL Green Realty has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 4 buy ratings, 9 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $70.08, SL Green Realty has a potential upside of 66.4% from its current price of $42.12.Amount of Analyst CoverageSL Green Realty has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.5 Community Rank Outperform VotesSL Green Realty has received 503 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSL Green Realty has received 484 “underperform” votes. (Add your “underperform” vote.)Community SentimentSL Green Realty has received 50.96% “outperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipSL Green Realty is a leading dividend payer. It pays a dividend yield of 8.06%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSL Green Realty has been increasing its dividend for 8 years.Dividend CoverageThe dividend payout ratio of SL Green Realty is 50.57 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, SL Green Realty will have a dividend payout ratio of 52.06 % next year. This indicates that SL Green Realty will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, SL Green Realty insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.99% of the stock of SL Green Realty is held by insiders.Percentage Held by Institutions98.24% of the stock of SL Green Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for SL Green Realty are expected to grow by 0.15% in the coming year, from $6.79 to $6.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of SL Green Realty is 10.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.79.Price to Earnings Ratio vs. SectorThe P/E ratio of SL Green Realty is 10.45, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.52.Price to Earnings Growth RatioSL Green Realty has a PEG Ratio of 2.41. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSL Green Realty has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.2Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.86 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryOffice REITs SectorFinance Current SymbolNYSE:SLG Previous Symbol CUSIP78440X10 CIK1040971 Webwww.slgreen.com Phone212-594-2700Debt Debt-to-Equity Ratio1.12 Current Ratio3.97 Quick Ratio3.97Price-To-Earnings Trailing P/E Ratio10.45 Forward P/E Ratio6.20 P/E Growth2.41 Sales & Book Value Annual Sales$1.24 billion Price / Sales2.60 Cash Flow$6.64 per share Price / Cash Flow6.34 Book Value$71.61 per share Price / Book0.59Profitability EPS (Most Recent Fiscal Year)$7.00 Net Income$281.35 million Net Margins27.34% Return on Equity5.89% Return on Assets2.58%Miscellaneous Employees1,033 Outstanding Shares76,540,000Market Cap$3.22 billion Next Earnings Date7/15/2020 (Estimated) OptionableOptionable SLG Rates by TradingView Receive SLG News and Ratings via Email Sign-up to receive the latest news and ratings for SLG and its competitors with MarketBeat's FREE daily newsletter. SL Green Realty (NYSE:SLG) Frequently Asked Questions How has SL Green Realty's stock been impacted by COVID-19 (Coronavirus)? SL Green Realty's stock was trading at $67.99 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SLG shares have decreased by 38.0% and is now trading at $42.12. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of 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 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for SL Green Realty. When is SL Green Realty's next earnings date? SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for SL Green Realty. How were SL Green Realty's earnings last quarter? SL Green Realty Corp (NYSE:SLG) posted its quarterly earnings data on Wednesday, April, 22nd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $1.11. The real estate investment trust earned $314.30 million during the quarter, compared to analyst estimates of $233.95 million. SL Green Realty had a net margin of 27.34% and a return on equity of 5.89%. The business's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. View SL Green Realty's earnings history. How often does SL Green Realty pay dividends? What is the dividend yield for SL Green Realty? SL Green Realty declared a may 20 dividend on Friday, May 22nd. Stockholders of record on Friday, May 29th will be paid a dividend of $0.295 per share on Monday, June 15th. This represents a yield of 8.6%. The ex-dividend date is Thursday, May 28th. View SL Green Realty's dividend history. What guidance has SL Green Realty issued on next quarter's earnings? SL Green Realty updated its FY20 earnings guidance on Wednesday, April, 22nd. The company provided earnings per share guidance of $6.60-$7.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.94. What price target have analysts set for SLG? 13 brokerages have issued 12-month target prices for SL Green Realty's stock. Their forecasts range from $44.00 to $109.00. On average, they anticipate SL Green Realty's stock price to reach $70.08 in the next twelve months. This suggests a possible upside of 66.4% from the stock's current price. View analysts' price targets for SL Green Realty. Has SL Green Realty been receiving favorable news coverage? Media headlines about SLG stock have been trending somewhat negative this week, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SL Green Realty earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the stock's share price in the near future. View the latest news aboutSL Green Realty. Are investors shorting SL Green Realty? SL Green Realty saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,970,000 shares, an increase of 19.8% from the April 30th total of 4,150,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is presently 3.6 days. Currently, 6.4% of the shares of the stock are short sold. View SL Green Realty's Current Options Chain. Who are some of SL Green Realty's key competitors? Some companies that are related to SL Green Realty include DIGITAL RLTY TR/SH (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Equity Commonwealth (EQC), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack Cali Realty (CLI) and Franklin Street Properties (FSP). View all 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 AT&T (T), Realty Income (O), Welltower (WELL), Exxon Mobil (XOM), Starbucks (SBUX), Cisco Systems (CSCO), Altria Group (MO), Netflix (NFLX), NVIDIA (NVDA) and PepsiCo (PEP). Who are SL Green Realty's key executives? SL Green Realty's management team includes the following 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) What is SL Green Realty's stock symbol? SL Green Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLG." Who are SL Green Realty's major shareholders? SL Green Realty's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.18%), State Street Corp (7.43%), Morgan Stanley (5.49%), Morgan Stanley (5.49%), Invesco Ltd. (3.86%) and Geode Capital Management LLC (2.12%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, 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 JPMorgan Chase & Co., Invesco Ltd., UBS Group AG, BlackRock Inc., Morgan Stanley, Morgan Stanley, Centersquare Investment Management LLC, and Wells Fargo & Company MN. View insider buying and selling activity for SL Green Realty. Which institutional investors are buying SL Green Realty stock? SLG stock was purchased by a variety of institutional investors in the last quarter, including Prudential PLC, Federated Hermes Inc., Madison International Realty Holdings LLC, Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., LDR Capital Management LLC, Legal & General Group Plc, and Voloridge Investment Management LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is SL Green Realty's stock price today? One share of SLG stock can currently be purchased for approximately $42.12. How big of a company is SL Green Realty? SL Green Realty has a market capitalization of $3.22 billion and generates $1.24 billion in revenue each year. The real estate investment trust earns $281.35 million in net income (profit) each year or $7.00 on an earnings per share basis. SL Green Realty employs 1,033 workers across the globe. What is SL Green Realty's official website? The official website for SL Green Realty is 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] This page was last updated on 5/30/2020 by MarketBeat.com Staff
