Research Analysts’ Weekly Ratings Updates for SL Green Realty (SLG)

SL Green Realty (NYSE: SLG) has recently received a number of price target changes and ratings updates:

  • 2/2/2018 – SL Green Realty was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/26/2018 – SL Green Realty was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock, up previously from $105.00.
  • 1/26/2018 – SL Green Realty had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $114.00 price target on the stock.
  • 1/22/2018 – SL Green Realty was given a new $110.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “buy” rating on the stock.
  • 1/9/2018 – SL Green Realty had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $120.00 price target on the stock.

SL Green Realty Corp (NYSE SLG) traded down $0.58 during mid-day trading on Monday, reaching $91.60. The company had a trading volume of 399,331 shares, compared to its average volume of 1,101,570. SL Green Realty Corp has a 12-month low of $89.46 and a 12-month high of $115.34. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8,554.58, a price-to-earnings ratio of 104.09, a P/E/G ratio of 2.28 and a beta of 1.12.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, January 24th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.60. SL Green Realty had a return on equity of 1.42% and a net margin of 6.71%. The firm had revenue of $361.30 million for the quarter, compared to analyst estimates of $320.48 million. During the same quarter in the prior year, the company earned $1.43 EPS. SL Green Realty’s revenue was down 3.4% on a year-over-year basis. analysts anticipate that SL Green Realty Corp will post 6.74 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a $0.8125 dividend. The ex-dividend date was Friday, December 29th. This represents a $3.25 dividend on an annualized basis and a yield of 3.55%. This is a positive change from SL Green Realty’s previous quarterly dividend of $0.78. SL Green Realty’s dividend payout ratio is presently 369.32%.

In related news, Director Craig M. Hatkoff sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total value of $318,682.00. Following the sale, the director now owns 1,365 shares of the company’s stock, valued at approximately $127,941.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Marc Holliday bought 7,880 shares of SL Green Realty stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $25.20 per share, for a total transaction of $198,576.00. Following the purchase, the chief executive officer now owns 88,900 shares in the company, valued at approximately $2,240,280. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 169,400 shares of company stock worth $17,038,862. 2.99% of the stock is owned by corporate insiders.

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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