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Average US gasoline price falls 45 cents to $4.10 per gallon
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
NYSE:SLG

SL Green Realty - SLG Stock Forecast, Price & News

$50.77
-0.25 (-0.49%)
(As of 08/12/2022 09:15 PM ET)
Add
Compare
Today's Range
$50.53
$51.54
50-Day Range
$44.80
$59.03
52-Week Range
$43.93
$83.96
Volume
675,400 shs
Average Volume
924,908 shs
Market Capitalization
$3.26 billion
P/E Ratio
11.24
Dividend Yield
7.35%
Price Target
$60.51

SL Green Realty MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
19.2% Upside
$60.51 Price Target
Short Interest
Bearish
10.97% 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.

2.40 out of 5 stars

Finance Sector

464th out of 926 stocks

Real Estate Investment Trusts Industry

84th out of 195 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.

Analysts Set New Price Targets

SLG has been the topic of several research reports. Mizuho decreased their price target on shares of SL Green Realty from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 6th. Truist Financial decreased their price target on shares of SL Green Realty from $80.00 to $57.00 and set a "hold" rating on the stock in a research note on Thursday, June 30th. Wells Fargo & Company decreased their price target on shares of SL Green Realty from $76.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Friday, July 1st. Credit Suisse Group started coverage on shares of SL Green Realty in a report on Wednesday, June 22nd. They issued a "neutral" rating and a $51.00 target price on the stock. Finally, Morgan Stanley cut 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 report on Tuesday, July 19th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $60.51.

SL Green Realty Trading Down 0.5 %

NYSE:SLG traded down $0.25 during trading hours on Friday, hitting $50.77. The company had a trading volume of 675,480 shares, compared to its average volume of 850,222. The company has a market capitalization of $3.26 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 3.67 and a beta of 1.47. The stock has a 50-day moving average price of $48.82 and a 200 day moving average price of $65.02. SL Green Realty has a 52 week low of $43.93 and a 52 week high of $83.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.20 and a quick ratio of 2.36.

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

SL Green Realty Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Friday, July 29th will be issued a dividend of $0.3108 per share. This represents a $3.73 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date is Thursday, July 28th. SL Green Realty's dividend payout ratio (DPR) is presently 82.60%.

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SLG Stock News Headlines

Four REITS That Pay Monthly Dividends
Inflation Emergency to Disrupt Your Financial Future?
No doubt, we’re in an inflation emergency. It’s driving up prices more quickly than anything we’ve seen in our lifetime. And it’s barely begun. What impact will this change have on your money? How can you prepare starting right now? Watch the emergency briefing from Expert Sean Brodrick. pixel
Inflation Emergency to Disrupt Your Financial Future?
No doubt, we’re in an inflation emergency. It’s driving up prices more quickly than anything we’ve seen in our lifetime. And it’s barely begun. What impact will this change have on your money? How can you prepare starting right now? Watch the emergency briefing from Expert Sean Brodrick. pixel
SL Green Realty Corp. Q2 Earnings Summary
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
8/14/2022
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
+19.2%
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
$10.85 per share
Book Value
$75.61 per share

Miscellaneous

Free Float
60,951,000
Market Cap
$3.26 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 analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SLG shares. 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 SLG analyst ratings
or view top-rated stocks.

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

12 Wall Street analysts have issued 12 month price objectives for SL Green Realty's shares. Their SLG share price forecasts range from $41.00 to $88.00. On average, they anticipate the company's stock price to reach $60.51 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
View analysts price targets for SLG
or view top-rated stocks among Wall Street analysts.

How have SLG shares performed in 2022?

SL Green Realty's stock was trading at $73.8939 at the beginning of the year. Since then, SLG shares have decreased by 31.3% and is now trading at $50.77.
View the best growth stocks for 2022 here
.

When is SL Green Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our SLG earnings forecast
.

How were SL Green Realty's earnings last quarter?

SL Green Realty Corp. (NYSE:SLG) issued 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 had revenue of $155.20 million for the quarter, compared to the consensus estimate 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 firm's revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 EPS.

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 given a dividend of $0.3108 per share on Monday, August 15th. This represents a $3.73 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for SLG
.

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 7.35%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SLG will have a dividend payout ratio of 55.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLG.

When did SL Green Realty's stock split?

SL Green Realty shares reverse split on the morning of 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 market closes on Monday, January 24th 2022. An investor that had 100 shares of 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 Chief Executive Officer Marc Holliday on Glassdoor.com. Marc Holliday has an approval rating of 83% among the company'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 number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (3.24%), DAVENPORT & Co LLC (1.98%), FMR LLC (1.92%), Northern Trust Corp (1.54%), JPMorgan Chase & Co. (1.40%) and LDR Capital Management LLC (0.97%). Insiders that own company 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
.

How do I buy shares of SL Green Realty?

Shares of SLG stock 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 $50.77.

How much money does SL Green Realty make?

SL Green Realty (NYSE:SLG) has a market capitalization of $3.26 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?

The company 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 the company 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 8/15/2022 by MarketBeat.com Staff

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