SL Green Realty Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last twelve months. There are currently 10 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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SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
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SL Green Realty Corp. (NYSE:SLG) announced its earnings results on Tuesday, January, 26th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.87. The real estate investment trust earned $190.39 million during the quarter, compared to analysts' expectations of $191.02 million. SL Green Realty had a trailing twelve-month return on equity of 3.99% and a net margin of 19.32%. SL Green Realty's quarterly revenue was down 24.0% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS.
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SL Green Realty's stock was trading at $67.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SLG shares have increased by 6.7% and is now trading at $72.54.
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SL Green Realty announced a monthly dividend on Wednesday, February 17th. Stockholders of record on Friday, February 26th will be paid a dividend of $0.303 per share on Monday, March 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, February 25th.
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SL Green Realty pays an annual dividend of $3.64 per share and currently has a dividend yield of 5.01%. 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 strock track record of dividend growth. The dividend payout ratio of SL Green Realty is 52.00%. 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 55.32% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.
View SL Green Realty's dividend history.

SL Green Realty updated its FY 2021 After-Hours earnings guidance on Monday, December, 7th. The company provided earnings per share guidance of 6.30-6.70 for the period.

11 Wall Street analysts have issued 12 month target prices for SL Green Realty's stock. Their forecasts range from $44.00 to $105.00. On average, they expect SL Green Realty's stock price to reach $61.94 in the next year. This suggests that the stock has a possible downside of 14.6%.
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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).
View all of SLG's competitors.

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.14%), Price T Rowe Associates Inc. MD (7.47%), PGGM Investments (2.79%), Morgan Stanley (2.51%), Dimensional Fund Advisors LP (2.17%) and Norges Bank (1.76%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Betsy S Atkins, Edwin T Burton III, Marc Holliday, Matthew J Diliberto 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, PGGM Investments, Morgan Stanley, Prudential PLC, TB Alternative Assets Ltd., Barclays PLC, Quinn Opportunity Partners LLC, and Adelante Capital Management LLC. Company insiders that have sold SL Green Realty company stock in the last year include Andrew W Mathias, and Stephen L Green.
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SLG stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Brookfield Asset Management Inc., Cannell Peter B & Co. Inc., Russell Investments Group Ltd., BlackRock Inc., Hazelview Securities Inc., Nuveen Asset Management LLC, and Epoch Investment Partners Inc..
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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 $72.54.

SL Green Realty has a market capitalization of $5.03 billion and generates $1.24 billion in revenue each year. The real estate investment trust earns $281.35 million in net income (profit) each year or $7.00 on an earnings per share basis.

SL Green Realty employs 1,033 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]