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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
An Unusual Way to Invest in Gold (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
3 stocks set to benefit from record Valentine's Day spending
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
An Unusual Way to Invest in Gold (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
3 stocks set to benefit from record Valentine's Day spending
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
An Unusual Way to Invest in Gold (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
3 stocks set to benefit from record Valentine's Day spending

SL Green Realty (SLG) Stock Price, News & Analysis

$44.51
-0.24 (-0.54%)
(As of 02/9/2024 08:57 PM ET)
Today's Range
$44.07
$45.42
50-Day Range
$40.43
$48.01
52-Week Range
$19.06
$50.11
Volume
700,100 shs
Average Volume
1.44 million shs
Market Capitalization
$2.87 billion
P/E Ratio
N/A
Dividend Yield
6.74%
Price Target
$38.31

SL Green Realty MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.85 Rating Score
Upside/​Downside
13.9% Downside
$38.31 Price Target
Short Interest
Bearish
26.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of SL Green Realty in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$467,492 Sold Last Quarter
Proj. Earnings Growth
-16.72%
From $6.10 to $5.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.54 out of 5 stars

Finance Sector

713th out of 838 stocks

Real Estate Investment Trusts Industry

149th out of 173 stocks


SLG stock logo

About SL Green Realty Stock (NYSE:SLG)

SL Green Realty Corp. is a New York-based real estate investment trust specializing in acquiring, developing, and managing commercial properties in the United States. With over 100 properties in its portfolio, the company primarily focuses on office, retail, and mixed-use properties in the New York metropolitan area and other key markets nationwide. SL Green was founded in 1997 and went public in 1997.

A seasoned management team leads the company, including Chairman and Chief Executive Officer Marc Holliday and President and Chief Investment Officer Andrew Mathias. Mr. Holliday has been with SL Green since its inception and has over 30 years of experience in the real estate industry. Before joining SL Green, he worked at Lazard Freres & Co., a leading investment bank. Mr. Mathias has been with the company since 2004 and has been instrumental in driving the growth of its portfolio through strategic acquisitions and development projects.

Over the past few years, SL Green has seen consistent growth in its key financial metrics, driven by demand for office space in the New York market. The company reported total revenues increasing yearly, driven by rental income and property sales. Earnings per share (EPS) have increased annually over the past several years. The company's profit margin is approximately 24% which has also increased. SL Green has also maintained a relatively low level of debt, with a debt-to-equity ratio lower than the industry average, which gives it the flexibility to pursue growth opportunities.

SL Green is currently trading at a price-to-earnings ratio below the industry average. The company's price-to-book ratio is in line with industry peers. These metrics suggest that the company may be undervalued relative to its peers.

Regarding market performance, SL Green's stock has had a volatile ride over the past few years, primarily due to uncertainty surrounding the COVID-19 pandemic and its impact on the real estate market. However, the stock has been working to rebound from these issues, as investors remain cautious about the commercial real estate market outlook.

SL Green operates in a highly competitive industry, with numerous competitors vying for prime commercial real estate assets in key markets nationwide. The company's primary competitors include Boston Properties, Vornado Realty Trust, and Brookfield Property Partners. Regulatory and political issues, such as zoning laws and tax policy changes, can also impact the industry and SL Green's business operations.

Looking ahead, SL Green has several potential growth opportunities to drive future revenue and earnings growth. These include launching new properties in key markets, such as the recently completed One Vanderbilt skyscraper in Manhattan and potential acquisitions of new properties in attractive markets. The company may also pursue expansion into new markets outside its core New York market, such as Boston, Washington D.C., or Los Angeles.

However, many potential risks and challenges could impact the company's growth prospects. These include changes in consumer preferences, such as the continued shift towards remote work and reduced demand for office space, as well as regulatory changes and economic downturns that could impact the broader real estate market. Additionally, SL Green's portfolio is heavily concentrated in the New York market, which exposes it to risks associated with regional economic factors, such as changes in the local job market or real estate market conditions.

SLG Stock Price History

SLG Stock News Headlines

Sell Now! 20 Dicey Dividends for 2024
Is this AI's biggest breakthrough to date?
In the past year, AI has amazed us all with its achievements. It can predict weather, recommend winning stocks, create original art, write computer code, detect skin cancer – and, shockingly, it can do all these things better than most humans. But when you see its latest leap (revealed in on-location footage), you may want to pinch yourself! 
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SL Green Realty Corp SLG
SL Green Realty (SLG) Receives a Hold from Wells Fargo
SL Green Realty (NYSE:SLG) Raised to Sell at StockNews.com
Is this AI's biggest breakthrough to date?
In the past year, AI has amazed us all with its achievements. It can predict weather, recommend winning stocks, create original art, write computer code, detect skin cancer – and, shockingly, it can do all these things better than most humans. But when you see its latest leap (revealed in on-location footage), you may want to pinch yourself! 
Q4 2023 SL Green Realty Corp Earnings Call
Scotiabank Reaffirms Their Sell Rating on SL Green Realty (SLG)
SL Green to Raise Money for $1 Billion Property Debt Fund
SL Green Realty Q4 FFO Declines
SL Green Realty Corp
SL Green Realty Corp. Announces Common Stock Dividend
See More Headlines
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Company Calendar

Last Earnings
10/19/2023
Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Ex-Dividend for 2/15 Dividend
1/30/2024
Today
2/12/2024
Dividend Payable
2/15/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Office REITs
CUSIP
78440X10
Employees
1,137
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$38.31
High Stock Price Target
$70.00
Low Stock Price Target
$17.00
Potential Upside/Downside
-13.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.85
Research Coverage
13 Analysts

Profitability

Net Income
$-557,300,000.00
Pretax Margin
-62.05%

Debt

Sales & Book Value

Annual Sales
$913.71 million
Book Value
$60.11 per share

Miscellaneous

Free Float
60,810,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
1.69

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SLG Stock Analysis - Frequently Asked Questions

Should I buy or sell SL Green Realty stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SL Green Realty in the last twelve months. There are currently 4 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SLG shares.
View SLG analyst ratings
or view top-rated stocks.

What is SL Green Realty's stock price target for 2024?

13 brokers have issued 12-month price targets for SL Green Realty's stock. Their SLG share price targets range from $17.00 to $70.00. On average, they anticipate the company's share price to reach $38.31 in the next year. This suggests that the stock has a possible downside of 13.9%.
View analysts price targets for SLG
or view top-rated stocks among Wall Street analysts.

How have SLG shares performed in 2024?

SL Green Realty's stock was trading at $45.17 on January 1st, 2024. Since then, SLG shares have decreased by 1.5% and is now trading at $44.51.
View the best growth stocks for 2024 here
.

When is SL Green Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our SLG earnings forecast
.

How were SL Green Realty's earnings last quarter?

SL Green Realty Corp. (NYSE:SLG) announced its earnings results on Thursday, October, 19th. The real estate investment trust reported ($0.38) EPS for the quarter, missing the consensus estimate of $1.28 by $1.66. The real estate investment trust earned $173.20 million during the quarter, compared to analyst estimates of $156.96 million. SL Green Realty had a negative net margin of 68.05% and a negative trailing twelve-month return on equity of 13.46%. SL Green Realty's quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 EPS.

How often does SL Green Realty pay dividends? What is the dividend yield for SL Green Realty?

SL Green Realty announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.25 per share on Thursday, February 15th. This represents a $1.00 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, January 30th.
Read our dividend analysis for SLG
.

Is SL Green Realty a good dividend stock?

SL Green Realty (NYSE:SLG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 6.74%. SLG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SLG.

When did SL Green Realty's stock split?

Shares of SL Green Realty reverse split on Monday, January 24th 2022. The 1-1.030599 reverse split was announced on Monday, January 24th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, January 24th 2022. An investor that had 100 shares of stock prior to the reverse split would have 97 shares after the split.

What guidance has SL Green Realty issued on next quarter's earnings?

SL Green Realty updated its FY 2024 earnings guidance on Thursday, January, 25th. The company provided EPS guidance of 5.900-6.200 for the period, compared to the consensus estimate of 5.060. The company issued revenue guidance of -.

What is Marc Holliday's approval rating as SL Green Realty's CEO?

20 employees have rated SL Green Realty Chief Executive Officer Marc Holliday on Glassdoor.com. Marc Holliday has an approval rating of 83% among the company's employees.

What other stocks do shareholders of SL Green Realty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SL Green Realty investors own include AT&T (T), Pfizer (PFE), Simon Property Group (SPG), Altria Group (MO), Realty Income (O), Intel (INTC), AbbVie (ABBV), Enterprise Products Partners (EPD), NVIDIA (NVDA) and Verizon Communications (VZ).

Who are SL Green Realty's major shareholders?

SL Green Realty's stock is owned by many different retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (1.59%), Dimensional Fund Advisors LP (1.39%), Russell Investments Group Ltd. (1.00%), Norges Bank (0.64%), Federated Hermes Inc. (0.59%) and Principal Financial Group Inc. (0.52%). Insiders that own company stock include Andrew W Mathias, Andrew W Mathias, Betsy S Atkins, Craig M Hatkoff, Edwin T Burton III, John H Alschuler Jr, Marc Holliday and Matthew J Diliberto.
View institutional ownership trends
.

How do I buy shares of SL Green Realty?

Shares of SLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SLG) was last updated on 2/12/2024 by MarketBeat.com Staff

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