NYSE:SLG - SL Green Realty Stock Price, News, & Analysis

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$92.34 +0.85 (+0.93 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$92.34
Today's Range$91.23 - $92.56
52-Week Range$76.77 - $106.54
Volume362,015 shs
Average Volume611,357 shs
Market Capitalization$7.80 billion
P/E Ratio13.95
Dividend Yield3.72%
Beta1.34
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryOffice REITs
SectorFinance
CUSIP78440X10
Phone212-594-2700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.23 billion
Cash Flow$6.4438 per share
Book Value$72.37 per share

Profitability

Net Income$258.64 million

Miscellaneous

Employees1,065
Market Cap$7.80 billion
Next Earnings Date4/17/2019 (Estimated)
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, November 30th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.85 per share on Tuesday, January 15th. This represents a $3.40 annualized dividend and a yield of 3.68%. The ex-dividend date is Monday, December 31st. This is a boost from SL Green Realty's previous quarterly dividend of $0.81. View SL Green Realty's Dividend History.

How will SL Green Realty's stock buyback program work?

SL Green Realty announced that its board has authorized a share buyback program on Saturday, December 2nd 2017, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often 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) posted its quarterly earnings data on Wednesday, January, 23rd. The real estate investment trust reported ($0.73) earnings per share for the quarter, missing the Zacks' consensus estimate of $1.72 by $2.45. The real estate investment trust earned $317.04 million during the quarter, compared to analysts' expectations of $255.12 million. SL Green Realty had a net margin of 20.15% and a return on equity of 3.82%. The firm's revenue was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. View SL Green Realty's Earnings History.

When is SL Green Realty's next earnings date?

SL Green Realty is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for SL Green Realty.

What price target have analysts set for SLG?

15 analysts have issued twelve-month price targets for SL Green Realty's stock. Their predictions range from $86.79 to $118.00. On average, they expect SL Green Realty's stock price to reach $102.3421 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price. View Analyst Price Targets for SL Green Realty.

What is the consensus analysts' recommendation for SL Green Realty?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 2 sell ratings, 5 hold ratings and 8 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?

News coverage about SLG stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive news 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 closest to five being the most favorable. SL Green Realty earned a news impact score of 1.7 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of SL Green Realty's key 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 Welltower (WELL), Exxon Mobil (XOM), Starbucks (SBUX), Freeport-McMoRan (FCX), Bristol-Myers Squibb (BMY), Ford Motor (F), Pfizer (PFE), United Technologies (UTX), Johnson & Johnson (JNJ) and AT&T (T).

Who are SL Green Realty's key executives?

SL Green Realty's management team includes the folowing people:
  • Mr. Marc Holliday, CEO & Director (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)

Who are SL Green Realty's major shareholders?

SL Green Realty's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.81%), Boston Partners (7.48%), Dimensional Fund Advisors LP (1.66%), Northern Trust Corp (1.59%), Geode Capital Management LLC (1.58%) and Lasalle Investment Management Securities LLC (1.15%). Company insiders that own SL Green Realty stock include Andrew S Levine, Andrew W Mathias, 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 institutional investors are selling SL Green Realty stock?

SLG stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., PGGM Investments, Standard Life Aberdeen plc, Lasalle Investment Management Securities LLC, Lord Abbett & CO. LLC, Securian Asset Management Inc, Aviva PLC and Nuveen Asset Management LLC. 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 institutional investors are buying SL Green Realty stock?

SLG stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, BlackRock Inc., MERIAN GLOBAL INVESTORS UK Ltd, Millennium Management LLC, WINTON GROUP Ltd, Bank of America Corp DE, Canada Pension Plan Investment Board and Geode Capital Management LLC. 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 $92.34.

How big of a company is SL Green Realty?

SL Green Realty has a market capitalization of $7.80 billion and generates $1.23 billion in revenue each year. The real estate investment trust earns $258.64 million in net income (profit) each year or $6.62 on an earnings per share basis. SL Green Realty employs 1,065 workers across the globe.

What is SL Green Realty's official website?

The official website for SL Green Realty is http://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]


MarketBeat Community Rating for SL Green Realty (NYSE SLG)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  437 (Vote Outperform)
Underperform Votes:  422 (Vote Underperform)
Total Votes:  859
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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