SL Green Realty - SLG Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 2 sell ratings, 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.
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15 brokers have issued twelve-month price objectives for SL Green Realty's stock. Their SLG share price forecasts range from $26.00 to $84.00. On average, they predict the company's stock price to reach $46.31 in the next twelve months. This suggests a possible upside of 92.3% from the stock's current price.
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SL Green Realty's stock was trading at $33.72 at the beginning of 2023. Since then, SLG stock has decreased by 28.6% and is now trading at $24.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our SLG earnings forecast.

SL Green Realty Corp. (NYSE:SLG) released its earnings results on Wednesday, January, 25th. The real estate investment trust reported ($1.01) earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by $2.49. The real estate investment trust earned $197.29 million during the quarter, compared to analysts' expectations of $194.74 million. SL Green Realty had a negative net margin of 9.44% and a negative trailing twelve-month return on equity of 1.62%. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS.

SL Green Realty declared a monthly dividend on Thursday, February 16th. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.2708 per share on Wednesday, March 15th. This represents a $3.25 annualized dividend and a yield of 13.50%. The ex-dividend date is Monday, February 27th.
Read our dividend analysis for SLG.

ETFs with the largest weight of SL Green Realty (NYSE:SLG) stock in their portfolio include Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), iShares Focused Value Factor ETF (FOVL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), AXS Green Alpha ETF (NXTE), Hoya Capital High Dividend Yield ETF (RIET), Invesco S&P MidCap 400 Pure Value ETF (RFV) and Invesco MSCI Green Building ETF (GBLD).

SL Green Realty (NYSE:SLG) pays an annual dividend of $3.25 per share and currently has a dividend yield of 13.79%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SLG.

Shares of SL Green Realty 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 closing bell 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.

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.

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).

SL Green Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLG."

SL Green Realty's stock is owned by a number of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (3.23%), Marshall Wace LLP (2.38%), DAVENPORT & Co LLC (2.21%), Geode Capital Management LLC (2.12%), Dimensional Fund Advisors LP (1.39%) and Legal & General Group Plc (1.27%). 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.
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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.
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One share of SLG stock can currently be purchased for approximately $24.08.

SL Green Realty (NYSE:SLG) has a market capitalization of $1.55 billion and generates $826.74 million in revenue each year. The real estate investment trust earns $-71,630,000.00 in net income (profit) each year or ($1.49) on an earnings per share basis.

The company employs 1,137 workers across the globe.

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.