SL Green Realty (SLG) to Release Earnings on Wednesday

SL Green Realty (NYSE:SLG) will be posting its quarterly earnings results after the market closes on Wednesday, July 17th. Analysts expect SL Green Realty to post earnings of $1.59 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

SL Green Realty Price Performance

Shares of NYSE SLG opened at $63.52 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.01. SL Green Realty has a fifty-two week low of $28.55 and a fifty-two week high of $63.64. The business has a 50 day moving average price of $54.56 and a two-hundred day moving average price of $50.62. The firm has a market cap of $4.18 billion, a PE ratio of -7.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.83.

SL Green Realty Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Friday, June 28th. SL Green Realty’s payout ratio is currently -36.32%.

Wall Street Analyst Weigh In

SLG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of SL Green Realty from $43.00 to $44.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. BMO Capital Markets upgraded SL Green Realty from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $58.00 in a research note on Thursday, April 18th. Citigroup upped their price objective on SL Green Realty from $31.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, June 13th. Barclays lifted their target price on SL Green Realty from $48.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Evercore ISI upped their price target on SL Green Realty from $47.00 to $49.00 and gave the company an “underperform” rating in a research report on Monday, July 1st. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.46.

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.