SL Green Realty Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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Wall Street analysts have given SL Green Realty a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but SL Green Realty wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for SL Green Realty.

SL Green Realty Corp. (NYSE:SLG) posted its quarterly earnings data on Tuesday, April, 20th. The real estate investment trust reported ($0.11) EPS for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.05. The real estate investment trust earned $226.10 million during the quarter, compared to the consensus estimate of $188.22 million. SL Green Realty had a net margin of 25.79% and a trailing twelve-month return on equity of 4.79%. SL Green Realty's revenue for the quarter was down 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 EPS.
View SL Green Realty's earnings history.

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 stock has increased by 21.6% and is now trading at $82.65.
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SL Green Realty announced a monthly dividend on Friday, May 21st. Investors of record on Friday, May 28th will be given a dividend of $0.3033 per share on Tuesday, June 15th. This represents a $3.64 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, May 27th.
View SL Green Realty's dividend history.

SL Green Realty pays an annual dividend of $3.64 per share and currently has a dividend yield of 4.27%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. SL Green Realty does not yet have a strong track record of dividend growth. The dividend payout ratio of SL Green Realty is 51.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 51.70% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.
View SL Green Realty's dividend history.

8 equities research analysts have issued 12-month price objectives for SL Green Realty's shares. Their forecasts range from $63.00 to $105.00. On average, they expect SL Green Realty's share price to reach $70.89 in the next twelve months. This suggests that the stock has a possible downside of 14.2%.
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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.

Some companies that are related to SL Green Realty include Digital Realty Trust (DLR), Alexandria Real Estate Equities (ARE), Boston Properties (BXP), CyrusOne (CONE), Kilroy Realty (KRC), Douglas Emmett (DEI), CoreSite Realty (COR), Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty (CLI) and Franklin Street Properties (FSP).
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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 BlackRock Inc. (11.57%), PGGM Investments (5.29%), Price T Rowe Associates Inc. MD (3.74%), Dimensional Fund Advisors LP (1.93%), Confluence Investment Management LLC (1.74%) and Nuveen Asset Management LLC (1.73%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Edwin T Burton III, Marc Holliday and Stephen L Green.
View institutional ownership trends for SL Green Realty.

SLG stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Morgan Stanley, Geode Capital Management LLC, Dimensional Fund Advisors LP, Millennium Management LLC, Centersquare Investment Management LLC, Prudential Financial Inc., and Northern Trust Corp.
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SLG stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, BlackRock Inc., Sandhill Capital Partners LLC, Aureus Asset Management LLC, Nuveen Asset Management LLC, Amundi Asset Management US Inc., Panagora Asset Management Inc., and JPMorgan Chase & Co..
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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.
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One share of SLG stock can currently be purchased for approximately $82.65.

SL Green Realty has a market capitalization of $5.73 billion and generates $1.05 billion in revenue each year. The real estate investment trust earns $379.80 million in net income (profit) each year or $7.11 on an earnings per share basis.

SL Green Realty employs 794 workers across the globe.

The official website for SL Green Realty is www.slgreen.com.

SL Green Realty is headquartered at 420 LEXINGTON AVENUE, NEW YORK NY, 10170.

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]