SL Green Realty - SLG Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last twelve months. There are currently 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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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12 equities research analysts have issued twelve-month price objectives for SL Green Realty's stock. Their SLG stock forecasts range from $41.00 to $88.00. On average, they anticipate SL Green Realty's stock price to reach $60.51 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
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SL Green Realty's stock was trading at $73.8939 on January 1st, 2022. Since then, SLG stock has decreased by 36.7% and is now trading at $46.79.
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SL Green Realty is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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SL Green Realty Corp. (NYSE:SLG) announced its quarterly earnings data on Wednesday, July, 20th. The real estate investment trust reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $0.06 by $0.76. The real estate investment trust earned $155.20 million during the quarter, compared to analysts' expectations of $157.74 million. SL Green Realty had a net margin of 40.01% and a trailing twelve-month return on equity of 6.35%. The business's quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share.

SL Green Realty declared a monthly dividend on Wednesday, July 20th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.3108 per share on Monday, August 15th. This represents a $3.73 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date is Thursday, July 28th.
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SL Green Realty(NYSE:SLG) pays an annual dividend of $3.73 per share and currently has a dividend yield of 7.97%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of SL Green Realty is 82.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SL Green Realty will have a dividend payout ratio of 55.84% next year. This indicates that SL Green Realty will be able to sustain or increase its dividend.
View SL Green Realty's dividend history.

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 closing bell on Monday, January 24th 2022. An investor that had 100 shares of SL Green Realty stock prior to the reverse split would have 97 shares after the split.

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.

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 variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (3.24%), DAVENPORT & Co LLC (1.98%), Assetmark Inc. (0.54%), Hosking Partners LLP (0.42%), Gilman Hill Asset Management LLC (0.17%) and Asset Management One Co. Ltd. (0.17%). Company insiders that own SL Green Realty stock include Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, John H Alschuler Jr, Marc Holliday and Stephen L Green.
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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 $46.79.

SL Green Realty (NYSE:SLG) has a market capitalization of $3.00 billion and generates $843.99 million in revenue each year. The real estate investment trust earns $457.06 million in net income (profit) each year or $4.5160 on an earnings per share basis.

SL Green Realty employs 931 workers across the globe.

SL Green Realty's mailing address is 420 LEXINGTON AVENUE, NEW YORK NY, 10170. The official website for SL Green Realty 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.