SL Green Realty Corporation (NYSE:SLG) will post its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect SL Green Realty Corporation to post earnings of $0.48 per share for the quarter.
SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $1.57 EPS for the quarter, meeting the consensus estimate of $1.57. SL Green Realty Corporation had a return on equity of 2.98% and a net margin of 13.33%. The firm had revenue of $377.40 million during the quarter, compared to analysts’ expectations of $315.90 million. During the same period in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, analysts expect SL Green Realty Corporation to post $6.47 EPS for the current fiscal year and $6.89 EPS for the next fiscal year.
SL Green Realty Corporation (NYSE:SLG) opened at 104.70 on Monday. The company’s 50-day moving average price is $104.06 and its 200 day moving average price is $107.23. The firm has a market capitalization of $10.66 billion, a PE ratio of 47.31 and a beta of 1.18. SL Green Realty Corporation has a 12 month low of $93.90 and a 12 month high of $120.63.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, June 28th. SL Green Realty Corporation’s payout ratio is 139.64%.
A number of analysts recently commented on the company. UBS AG raised SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Thursday. BMO Capital Markets reissued a “buy” rating and set a $127.00 price objective on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) assumed coverage on SL Green Realty Corporation in a report on Thursday, June 22nd. They set a “buy” rating and a $121.00 price objective for the company. ValuEngine lowered SL Green Realty Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC boosted their price objective on SL Green Realty Corporation from $110.00 to $111.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. SL Green Realty Corporation has an average rating of “Hold” and an average target price of $115.75.
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In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total value of $640,440.00. Following the transaction, the director now owns 7,196 shares in the company, valued at approximately $768,101.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.09% of the stock is owned by insiders.
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.
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