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China July exports rise, with trade surplus at record-high
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Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
NYSE:SLG

SL Green Realty - SLG Stock Forecast, Price & News

$46.79
-0.63 (-1.33%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.31
$47.53
50-Day Range
$44.80
$62.62
52-Week Range
$43.93
$83.96
Volume
688,844 shs
Average Volume
884,319 shs
Market Capitalization
$3.00 billion
P/E Ratio
10.36
Dividend Yield
7.97%
Price Target
$60.51

SL Green Realty MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
29.3% Upside
$60.51 Price Target
Short Interest
Bearish
10.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-1.04%
From $6.75 to $6.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Finance Sector

219th out of 1,176 stocks

Real Estate Investment Trusts Industry

48th out of 215 stocks

SLG stock logo

About SL Green Realty (NYSE:SLG) Stock

SL Green Realty Corp., an S&P 500 company and Manhattan'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 December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.

SL Green Realty Trading Down 1.3 %

SL Green Realty stock opened at $46.79 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of 10.36, a P/E/G ratio of 3.43 and a beta of 1.47. The stock has a 50-day moving average price of $49.96 and a 200 day moving average price of $65.97. SL Green Realty has a 52 week low of $43.93 and a 52 week high of $83.96. The company has a current ratio of 2.20, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82.

SL Green Realty (NYSE:SLG - Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.76). The company had revenue of $155.20 million for the quarter, compared to analysts' expectations of $157.74 million. SL Green Realty had a return on equity of 6.35% and a net margin of 40.01%. The company's revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. Equities research analysts predict that SL Green Realty will post 6.75 earnings per share for the current fiscal year.

SL Green Realty Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be issued a $0.3108 dividend. This represents a $3.73 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend is Thursday, July 28th. SL Green Realty's dividend payout ratio (DPR) is 82.60%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of SL Green Realty from $58.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 19th. Piper Sandler lowered their target price on shares of SL Green Realty to $52.00 in a research report on Friday, July 22nd. Truist Financial lowered their target price on shares of SL Green Realty from $80.00 to $57.00 and set a "hold" rating on the stock in a research report on Thursday, June 30th. Jefferies Financial Group lowered their target price on shares of SL Green Realty from $78.00 to $50.00 and set a "hold" rating on the stock in a research report on Thursday, June 30th. Finally, Mizuho decreased their price target on SL Green Realty from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, July 6th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $60.51.

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SLG Stock News Headlines

SL Green Realty Corp. Q2 Earnings Summary
SL Green Realty (NYSE:SLG) PT Lowered to $41.00
SL Green Realty Corp - Stock Analysis
Expert Ratings for SL Green Realty
What 9 Analyst Ratings Have To Say About SL Green Realty
What 7 Analyst Ratings Have To Say About SL Green Realty
See More Headlines
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SLG Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/20/2022
Ex-Dividend for 8/15 Dividend
7/28/2022
Today
8/07/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Office REITs
Sector
Finance
CUSIP
78440X10
Employees
931
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$60.51
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+29.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$457.06 million
Pretax Margin
34.70%

Debt

Sales & Book Value

Annual Sales
$843.99 million
Cash Flow
$10.83 per share
Book Value
$75.82 per share

Miscellaneous

Free Float
60,783,000
Market Cap
$3.00 billion
Optionable
Optionable
Beta
1.47

Key Executives

  • Mr. Marc Holliday (Age 56)
    Chairman & CEO
    Comp: $2.99M
  • Mr. Andrew W. Mathias (Age 48)
    Pres & Director
    Comp: $1M
  • Mr. Matthew J. DiLiberto (Age 48)
    Chief Financial Officer
    Comp: $1.51M
  • Mr. Andrew S. Levine (Age 63)
    Chief Legal Officer, Exec. VP, Gen. Counsel & Sec.
    Comp: $591.6k
  • Mr. Edward V. Piccinich (Age 59)
    Chief Operating Officer
  • Mr. Harrison Sitomer
    Chief Investment Officer
  • Ms. Maggie Hui (Age 58)
    Chief Accounting Officer
  • Mr. Christopher Gulden
    Sr. VP of Leasing
  • Mr. Steven M. Durels (Age 63)
    Exec. VP & Director of Leasing & Real Property
  • Mr. Neil H. Kessner
    Exec. VP & Gen. Counsel of Real Property













SLG Stock - Frequently Asked Questions

Should I buy or sell SL Green Realty stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last twelve months. There are currently 9 hold ratings and 3 buy 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.
View analyst ratings for SL Green Realty
or view top-rated stocks.

What is SL Green Realty's stock price forecast for 2022?

12 equities research analysts have issued twelve-month price objectives for SL Green Realty's stock. Their SLG stock forecasts range from $41.00 to $88.00. On average, they anticipate SL Green Realty's stock price to reach $60.51 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
View analysts' price targets for SL Green Realty
or view top-rated stocks among Wall Street analysts.

How has SL Green Realty's stock performed in 2022?

SL Green Realty's stock was trading at $73.8939 on January 1st, 2022. Since then, SLG stock has decreased by 36.7% and is now trading at $46.79.
View the best growth stocks for 2022 here
.

When is SL Green Realty's next earnings date?

SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for SL Green Realty
.

How were SL Green Realty's earnings last quarter?

SL Green Realty Corp. (NYSE:SLG) announced its quarterly earnings data on Wednesday, July, 20th. The real estate investment trust reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.76. The real estate investment trust earned $155.20 million during the quarter, compared to analysts' expectations of $157.74 million. SL Green Realty had a net margin of 40.01% and a trailing twelve-month return on equity of 6.35%. The business's quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share.

How often does SL Green Realty pay dividends? What is the dividend yield for SL Green Realty?

SL Green Realty declared a monthly dividend on Wednesday, July 20th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.3108 per share on Monday, August 15th. This represents a $3.73 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date is Thursday, July 28th.
View SL Green Realty's dividend history
.

Is SL Green Realty a good dividend stock?

SL Green Realty(NYSE:SLG) pays an annual dividend of $3.73 per share and currently has a dividend yield of 7.97%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of SL Green Realty is 82.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 55.84% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.
View SL Green Realty's dividend history.

When did SL Green Realty's stock split? How did SL Green Realty's stock split work?

Shares of SL Green Realty reverse split before market open on Monday, January 24th 2022. The 1-1.030599 reverse split was announced on Monday, January 24th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Monday, January 24th 2022. An investor that had 100 shares of SL Green Realty stock prior to the reverse split would have 97 shares after the split.

What is Marc Holliday's approval rating as SL Green Realty's CEO?

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.

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), 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).

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 variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (3.24%), DAVENPORT & Co LLC (1.98%), Assetmark Inc. (0.54%), Hosking Partners LLP (0.42%), Gilman Hill Asset Management LLC (0.17%) and Asset Management One Co. Ltd. (0.17%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, John H Alschuler Jr, Marc Holliday and Stephen L Green.
View institutional ownership trends 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SL Green Realty's stock price today?

One share of SLG stock can currently be purchased for approximately $46.79.

How much money does SL Green Realty make?

SL Green Realty (NYSE:SLG) has a market capitalization of $3.00 billion and generates $843.99 million in revenue each year. The real estate investment trust earns $457.06 million in net income (profit) each year or $4.5160 on an earnings per share basis.

How many employees does SL Green Realty have?

SL Green Realty employs 931 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 official website for SL Green Realty is www.slgreen.com. The real estate investment trust can be reached via phone at (212) 594-2700, via email at investor.relations@slgreen.com, or via fax at 212-216-1790.

This page (NYSE:SLG) was last updated on 8/7/2022 by MarketBeat.com Staff

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