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.

TRADEMARK VIOLATION WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/11/sl-green-realty-corporation-slg-to-release-quarterly-earnings-on-wednesday.html.

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.

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

Receive News & Ratings for SL Green Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.