SL Green Realty (NYSE:SLG – Get Free Report) released its earnings results on Wednesday. The real estate investment trust reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09, RTT News reports. SL Green Realty had a negative net margin of 19.31% and a negative return on equity of 3.89%. The business had revenue of $222.82 million during the quarter, compared to the consensus estimate of $133.83 million. During the same quarter last year, the firm earned $1.43 earnings per share. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. SL Green Realty updated its FY24 guidance to $7.45-7.75 EPS and its FY 2024 guidance to 7.450-7.750 EPS.
SL Green Realty Trading Down 1.4 %
Shares of NYSE:SLG opened at $60.80 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.96 and a current ratio of 2.96. SL Green Realty has a 12-month low of $28.55 and a 12-month high of $66.54. The business has a 50 day moving average of $55.18 and a 200-day moving average of $50.89.
SL Green Realty Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $3.00 annualized dividend and a yield of 4.93%. SL Green Realty’s dividend payout ratio (DPR) is presently -36.32%.
Analysts Set New Price Targets
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SL Green Realty Company Profile
3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.
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