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 twelve months. There are currently 4 sell ratings, 10 hold ratings and 1 buy rating 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 Wall Street analysts have issued twelve-month target prices for SL Green Realty's shares. Their SLG share price forecasts range from $17.00 to $84.00. On average, they expect the company's share price to reach $36.75 in the next year. This suggests a possible upside of 56.3% from the stock's current price.
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SL Green Realty's stock was trading at $33.72 on January 1st, 2023. Since then, SLG shares have decreased by 30.2% and is now trading at $23.52.
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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 will be holding an earnings conference call on Thursday, April 20th at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

SL Green Realty announced a monthly dividend on Monday, March 20th. Investors of record on Friday, March 31st will be given a dividend of $0.271 per share on Monday, April 17th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 13.83%. The ex-dividend date is Thursday, March 30th. This is an increase from the stock's previous monthly dividend of $0.27.
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), AXS Green Alpha ETF (NXTE), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR) and Hoya Capital High Dividend Yield ETF (RIET).

SL Green Realty (NYSE:SLG) pays an annual dividend of $3.25 per share and currently has a dividend yield of 14.35%. 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.

SL Green Realty shares reverse split 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.

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."

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 $23.52.

SL Green Realty (NYSE:SLG) has a market capitalization of $1.51 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.