Analysts expect SL Green Realty Corporation (NYSE:SLG) to post earnings per share of $1.60 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for SL Green Realty Corporation’s earnings, with the highest EPS estimate coming in at $1.64 and the lowest estimate coming in at $1.56. SL Green Realty Corporation posted earnings of $0.34 per share during the same quarter last year, which would indicate a positive year over year growth rate of 370.6%. The firm is scheduled to announce its next earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that SL Green Realty Corporation will report full-year earnings of $6.54 per share for the current financial year, with EPS estimates ranging from $6.45 to $6.66. For the next financial year, analysts expect that the business will report earnings of $6.82 per share, with EPS estimates ranging from $6.67 to $6.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow SL Green Realty Corporation.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The company had revenue of $279.41 million for the quarter, compared to analyst estimates of $281.40 million.

A number of research analysts recently issued reports on SLG shares. Citigroup Inc. reduced their price objective on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 26th. UBS AG upgraded SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Thursday, July 13th. BMO Capital Markets reiterated a “buy” rating and set a $127.00 price target on shares of SL Green Realty Corporation in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) assumed coverage on SL Green Realty Corporation in a research report on Thursday, June 22nd. They set a “buy” rating and a $121.00 price target for the company. Finally, KeyCorp reiterated a “buy” rating and set a $130.00 price target on shares of SL Green Realty Corporation in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. SL Green Realty Corporation has an average rating of “Hold” and a consensus price target of $116.31.

In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total value of $640,440.00. Following the completion of the sale, the director now owns 7,196 shares in the company, valued at $768,101.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.09% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of SL Green Realty Corporation in the first quarter valued at $203,000. Achmea Investment Management B.V. acquired a new stake in shares of SL Green Realty Corporation in the first quarter valued at $224,000. BB&T Securities LLC acquired a new stake in shares of SL Green Realty Corporation in the second quarter valued at $226,000. OppenheimerFunds Inc. lifted its holdings in shares of SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 246 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in shares of SL Green Realty Corporation by 35.1% in the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 557 shares during the period.

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Shares of SL Green Realty Corporation (NYSE SLG) traded down 0.92% during midday trading on Friday, hitting $95.45. The company had a trading volume of 834,673 shares. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 98.10 and a beta of 1.19. SL Green Realty Corporation has a 12 month low of $93.90 and a 12 month high of $115.45. The stock’s 50-day moving average price is $99.49 and its 200-day moving average price is $104.43.

SL Green Realty Corporation Company Profile

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

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Earnings History and Estimates for SL Green Realty Corporation (NYSE:SLG)

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