SL Green Realty Corp Receives Average Rating of “Hold” from Analysts (NYSE:SLG)
Shares of SL Green Realty Corp (NYSE:SLG) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the company, AnalystRatingsNetwork reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $102.93.
SLG has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of SL Green Realty Corp to $102.50 in a research note on Thursday. Separately, analysts at Barclays raised their price target on shares of SL Green Realty Corp from $108.00 to $109.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays raised their price target on shares of SL Green Realty Corp from $102.00 to $108.00 in a research note on Tuesday, April 22nd.
SL Green Realty Corp (NYSE:SLG) traded down 0.55% during mid-day trading on Friday, hitting $109.15. The stock had a trading volume of 112,896 shares. SL Green Realty Corp has a 1-year low of $84.89 and a 1-year high of $112.94. The stock has a 50-day moving average of $109. and a 200-day moving average of $101.. The company has a market cap of $10.417 billion and a P/E ratio of 44.87.
SL Green Realty Corp (NYSE:SLG) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.37 by $0.17. The company had revenue of $381.10 million for the quarter, compared to the consensus estimate of $285.13 million. During the same quarter last year, the company posted $1.16 earnings per share. SL Green Realty Corp’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that SL Green Realty Corp will post $5.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, June 26th.
SL Green Realty Corp., incorporated on June, 10, 1997, is a self-managed real estate investment trust (NYSE:SLG), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.
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