NYSE:SLG

SL Green Realty (SLG) Stock Forecast, Price & News

$22.52

-0.61 (-2.64%)

(As of 06/1/2023 ET)

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Today's Range: $22.05
▼
$23.25
50-Day Range: $19.96
▼
$25.97
52-Week Range: $19.06
▼
$60.30

Volume: 1.84 million shs
Average Volume: 2.64 million shs
Market Capitalization: $1.45 billion

P/E Ratio: N/A
Dividend Yield: 14.43%
Price Target: $36.19

SL Green Realty MarketRank™ Forecast

Analyst Rating: Hold
1.87 Rating Score
Upside/Downside: 60.6% Upside
$36.19 Price Target
Short Interest: Bearish
27.12% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.67
Based on 5 Articles This Week
Insider Trading: Selling Shares
$416,140 Sold Last Quarter
Proj. Earnings Growth: 1.45%
From $5.50 to $5.58 Per Share

Overall MarketRank^™

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

2.96 out of 5 stars

Finance Sector

299th out of 1,786 stocks

Real Estate Investment Trusts Industry

33rd out of 382 stocks

3.9

Analyst's Opinion

Consensus Rating
SL Green Realty has received a consensus rating of Hold. The company's average rating score is 1.87, and is based on 2 buy ratings, 9 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.19, SL Green Realty has a forecasted upside of 60.6% from its current price of $22.53.
Amount of Analyst Coverage
SL Green Realty has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
27.12% of the float of SL Green Realty has been sold short.
Short Interest Ratio / Days to Cover
SL Green Realty has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in SL Green Realty has recently decreased by 3.99%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Leadership
SL Green Realty is a leading dividend payer. It pays a dividend yield of 14.17%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
SL Green Realty does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 58.24% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SLG.

2.0

News and Social Media Coverage

News Sentiment
SL Green Realty has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for SL Green Realty this week, compared to 5 articles on an average week.
Search Interest
Only 41 people have searched for SLG on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.
MarketBeat Follows
Only 14 people have added SL Green Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of -48% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SL Green Realty insiders have sold 153.13% more of their company's stock than they have bought. Specifically, they have bought $164,400.00 in company stock and sold $416,140.00 in company stock.
Percentage Held by Insiders
Only 5.60% of the stock of SL Green Realty is held by insiders.
Percentage Held by Institutions
82.00% of the stock of SL Green Realty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for SL Green Realty are expected to grow by 1.45% in the coming year, from $5.50 to $5.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SL Green Realty is -10.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of SL Green Realty is -10.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
SL Green Realty has a PEG Ratio of 0.52. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
SL Green Realty has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About SL Green Realty (NYSE:SLG) Stock

SL Green Realty Corp. is a New York-based real estate investment trust specializing in acquiring, developing, and managing commercial properties in the United States. With over 100 properties in its portfolio, the company primarily focuses on office, retail, and mixed-use properties in the New York metropolitan area and other key markets nationwide. SL Green was founded in 1997 and went public in 1997.

A seasoned management team leads the company, including Chairman and Chief Executive Officer Marc Holliday and President and Chief Investment Officer Andrew Mathias. Mr. Holliday has been with SL Green since its inception and has over 30 years of experience in the real estate industry. Before joining SL Green, he worked at Lazard Freres & Co., a leading investment bank. Mr. Mathias has been with the company since 2004 and has been instrumental in driving the growth of its portfolio through strategic acquisitions and development projects.

Over the past few years, SL Green has seen consistent growth in its key financial metrics, driven by demand for office space in the New York market. The company reported total revenues increasing yearly, driven by rental income and property sales. Earnings per share (EPS) have increased annually over the past several years. The company's profit margin is approximately 24% which has also increased. SL Green has also maintained a relatively low level of debt, with a debt-to-equity ratio lower than the industry average, which gives it the flexibility to pursue growth opportunities.

SL Green is currently trading at a price-to-earnings ratio below the industry average. The company's price-to-book ratio is in line with industry peers. These metrics suggest that the company may be undervalued relative to its peers.

Regarding market performance, SL Green's stock has had a volatile ride over the past few years, primarily due to uncertainty surrounding the COVID-19 pandemic and its impact on the real estate market. However, the stock has been working to rebound from these issues, as investors remain cautious about the commercial real estate market outlook.

SL Green operates in a highly competitive industry, with numerous competitors vying for prime commercial real estate assets in key markets nationwide. The company's primary competitors include Boston Properties, Vornado Realty Trust, and Brookfield Property Partners. Regulatory and political issues, such as zoning laws and tax policy changes, can also impact the industry and SL Green's business operations.

Looking ahead, SL Green has several potential growth opportunities to drive future revenue and earnings growth. These include launching new properties in key markets, such as the recently completed One Vanderbilt skyscraper in Manhattan and potential acquisitions of new properties in attractive markets. The company may also pursue expansion into new markets outside its core New York market, such as Boston, Washington D.C., or Los Angeles.

However, many potential risks and challenges could impact the company's growth prospects. These include changes in consumer preferences, such as the continued shift towards remote work and reduced demand for office space, as well as regulatory changes and economic downturns that could impact the broader real estate market. Additionally, SL Green's portfolio is heavily concentrated in the New York market, which exposes it to risks associated with regional economic factors, such as changes in the local job market or real estate market conditions.

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SLG Stock News Headlines

May 30, 2023 | americanbankingnews.com

SL Green Realty Corp. (NYSE:SLG) Receives $36.19 Average PT from Analysts

May 28, 2023 | americanbankingnews.com

Reviewing SL Green Realty (NYSE:SLG) and Equinix (NASDAQ:EQIX)

June 1, 2023 | Edge On The Street (Ad)

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May 25, 2023 | msn.com

Monday Is Your Last Chance To Buy SL Green Realty Before The Dividend Payout

May 24, 2023 | finance.yahoo.com

4 Stocks to Watch on Dividend Hikes as Market Volatility Continues

May 22, 2023 | finance.yahoo.com

SL Green Office REIT Faces Credit Downgrade From Moody’s

May 22, 2023 | markets.businessinsider.com

Major Office REIT Stocks Plunge Amid Slow Return-To-Office Rates: 5 Dramatic Charts To Watch

May 20, 2023 | americanbankingnews.com

SL Green Realty Corp. (SLG) to Issue Monthly Dividend of $0.27 on June 15th

June 1, 2023 | Edge On The Street (Ad)

The $193 Billion US-China War You Don't Know About

May 18, 2023 | msn.com

SL Green Realty: How Certain Is The Fat 14.7% Yield Paid Monthly

May 18, 2023 | americanbankingnews.com

Insider Selling: SL Green Realty Corp. (NYSE:SLG) Director Sells 5,000 Shares of Stock

May 18, 2023 | americanbankingnews.com

SL Green Realty Target of Unusually Large Options Trading (NYSE:SLG)

May 16, 2023 | msn.com

Unusual Put Option Trade in SL Green Realty (SLG) Worth $428.91K

May 15, 2023 | seekingalpha.com

SL Green's 15% Dividend Yield: Safe Or Too Good To Be True?

May 7, 2023 | americanbankingnews.com

Analysts Set SL Green Realty Corp. (NYSE:SLG) Price Target at $36.19

May 7, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for SL Green Realty Corp. Decreased by Analyst (NYSE:SLG)

May 5, 2023 | marketwatch.com

SL Green Realty Corp. stock falls Thursday, still outperforms market

May 4, 2023 | americanbankingnews.com

Traders Buy Large Volume of SL Green Realty Put Options (NYSE:SLG)

May 3, 2023 | americanbankingnews.com

Head to Head Contrast: SL Green Realty (NYSE:SLG) vs. Fortune Real Estate Investment Trust (OTCMKTS:FRIVF)

April 28, 2023 | marketwatch.com

SL Green Realty Corp. stock rises Friday, outperforms market

April 28, 2023 | finance.yahoo.com

Cousins Properties (CUZ) Beats on Q1 FFO & Revenues, Ups View

April 28, 2023 | seekingalpha.com

SL Green: Put Writing Strategy To Generate 15% Yield With -56% Downside Protection

April 27, 2023 | marketwatch.com

SL Green Realty Corp. stock rises Thursday, outperforms market

April 27, 2023 | finanznachrichten.de

SL Green Realty Corp: SL Green Completes $500 Million Refinancing of 919 Third Avenue

April 27, 2023 | markets.businessinsider.com

Morgan Stanley Reaffirms Their Hold Rating on SL Green Realty (SLG)

April 26, 2023 | finance.yahoo.com

SL Green Completes $500 Million Refinancing of 919 Third Avenue

April 26, 2023 | finance.yahoo.com

Highwoods (HIW) Q1 FFO Beats Estimates, Revenues Rise Y/Y

See More Headlines

SLG Price History

30 days | 90 days | 365 days | Advanced Chart

SLG Company Calendar

Last Earnings: 4/20/2023
Ex-Dividend for 5/15 Dividend: 4/27/2023
Dividend Payable: 5/15/2023
Ex-Dividend for 6/15 Dividend: 5/30/2023
Today: 6/01/2023
Dividend Payable: 6/15/2023
Next Earnings (Estimated): 7/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Office REITs
Sector: Finance
Current Symbol: NYSE:SLG
CUSIP: 78440X10
CIK: 1040971
Web: www.slgreen.com
Phone: (212) 594-2700
Fax: 212-216-1790
Employees: 1,137
Year Founded: 1997

Price Target and Rating

Average Stock Price Forecast: $36.19
High Stock Price Forecast: $84.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +60.6%
Consensus Rating: Hold
Rating Score (0-4): 1.87
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.10
P/E Growth: 0.52
Net Income: $-71,630,000.00
Net Margins: -14.56%
Pretax Margin: 1.74%
Return on Equity: -2.65%
Return on Assets: -1.04%

Debt

Debt-to-Equity Ratio: 1.24
Current Ratio: 2.52
Quick Ratio: 2.52

Sales & Book Value

Annual Sales: $826.74 million
Price / Sales: 1.75
Cash Flow: $2.22 per share
Price / Cash Flow: 10.17
Book Value: $71.15 per share
Price / Book: 0.32

Miscellaneous

Outstanding Shares: 64,380,000
Free Float: 60,771,000
Market Cap: $1.45 billion
Optionable: Optionable
Beta: 1.48

Social Links

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SLG Stock - Frequently Asked Questions

Should I buy or sell SL Green Realty stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last year. There are currently 4 sell ratings, 9 hold ratings and 2 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 2023?: 15 equities research analysts have issued 12-month price objectives for SL Green Realty's shares. Their SLG share price forecasts range from $17.00 to $84.00. On average, they anticipate the company's stock price to reach $36.19 in the next twelve months. This suggests a possible upside of 60.6% 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 2023?: SL Green Realty's stock was trading at $33.72 on January 1st, 2023. Since then, SLG stock has decreased by 33.2% and is now trading at $22.53.
View the best growth stocks for 2023 here.
When is SL Green Realty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our SLG earnings forecast.
How were SL Green Realty's earnings last quarter?: SL Green Realty Corp. (NYSE:SLG) posted its earnings results on Thursday, April, 20th. The real estate investment trust reported ($0.63) EPS for the quarter, missing the consensus estimate of $1.42 by $2.05. The real estate investment trust had revenue of $223.58 million for the quarter, compared to analyst estimates of $193.56 million. SL Green Realty had a negative net margin of 14.56% and a negative trailing twelve-month return on equity of 2.65%. The company's quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Thursday, May 18th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.271 per share on Thursday, June 15th. This represents a $3.25 annualized dividend and a dividend yield of 14.43%. The ex-dividend date of this dividend is Tuesday, May 30th. This is a positive change from the stock's previous monthly dividend of $0.27.
Read our dividend analysis for SLG.
What ETFs hold SL Green Realty's stock?: 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 SmallCap Financials ETF (PSCF) and Arrow Dow Jones Global Yield ETF (GYLD).
Is SL Green Realty a good dividend stock?: SL Green Realty (NYSE:SLG) pays an annual dividend of $3.25 per share and currently has a dividend yield of 14.17%. 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.

When did SL Green Realty's stock split?: 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 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.47%), State Street Corp (6.17%), Jane Street Group LLC (0.00%), Nomura Holdings Inc. (0.00%), Balyasny Asset Management L.P. (1.77%) and Geode Capital Management LLC (1.59%). 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, Matthew J Diliberto 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 $22.53.
How much money does SL Green Realty make?: SL Green Realty (NYSE:SLG) has a market capitalization of $1.45 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 ($2.23) on an earnings per share basis.
How many employees does SL Green Realty have?: The company employs 1,137 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 6/1/2023 by MarketBeat.com Staff

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