SL Green Realty Corporation (SLG) to Release Quarterly Earnings on Wednesday
SL Green Realty Corporation (NYSE:SLG) is scheduled to announce its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.54). The firm had revenue of $279.41 million for the quarter, compared to analyst estimates of $281.40 million. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. On average, analysts expect SL Green Realty Corporation to post $0.29 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
SL Green Realty Corporation (SLG) opened at 104.49 on Wednesday. The company’s 50-day moving average is $99.23 and its 200-day moving average is $102.89. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $115.34. The firm has a market cap of $10.34 billion, a PE ratio of 107.39 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.
Several analysts have recently commented on the stock. KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective on shares of SL Green Realty Corporation in a research report on Tuesday, September 26th. Barclays PLC reduced their price objective on shares of SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 1st. Bank of America Corporation downgraded shares of SL Green Realty Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $113.00 to $110.00 in a research report on Wednesday, August 16th. BMO Capital Markets reduced their price objective on shares of SL Green Realty Corporation from $127.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, September 21st. Finally, BidaskClub downgraded shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $115.58.
About SL Green Realty Corporation
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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