SL Green Realty Corp. [SLG] shares are down more than -29.89% this year and recently increased 0.06% or $3.56 to settle at $60.26. Analysts expect SLG to shrink earnings at a -10.84% annual rate over the next 5 years. SLG has a short ratio of 6.34. This implies that the market is currently less bullish on the outlook for SLG.

On 16, November 2020, SL Green Closes $1.25 Billion Construction Loan for One Madison Avenue. According to news published on Yahoo Finance, Construction commences on the premier 1.4 million-square-foot office tower that will anchor Midtown South .

Analyst Birdseye View:

The most recent analyst activity for SL Green Realty Corp. [NYSE:SLG] stock was on May 28, 2020, when it was Upgrade with an Equal-weight rating from Morgan Stanley, which also raised its 12-month price target on the stock to $44. Before that, on July 20, 2020, Deutsche Bank Recapitulated a Hold rating and elevated its amount target to $48. On April 24, 2020, Piper Sandler Downgrade a Neutral rating and plunged its price target on this stock from $60 to $50. On April 08, 2020, BMO Capital Markets Downgrade a Market perform rating and decreased its price target from $95 to $55. On April 07, 2020, Citigroup Downgrade a Neutral rating and decreased its price target to $46. On April 06, 2020, BofA/Merrill Downgrade a Neutral rating and boosted its amount on this stock to $50. On March 25, 2020, Evercore ISI Downgrade an In-line rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $35.16 and a peak of $96.39. At the most recent market close, shares of SL Green Realty Corp. [NYSE:SLG] were valued at $60.26.

FUNDAMENTAL ANALYSIS

This publicly-traded organization’s revenue is $1,268,801 per employee, while its income is $270,674 per employee. This company’s Gross Margin is currently 63.60%, its Operating Margin is 24.50%, its Pretax Margin is +22.24, and its Net Margin is +21.33. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.19, 4.69, 2.84 and 2.44 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 50.90 and the whole liability to whole assets at 46.48. It shows enduring liability to the whole principal at 46.59 and enduring liability to assets at 0.43 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 56.70 points at 1st support level, the second support level is making up to 53.14. But as of 1st resistance point, this stock is sitting at 62.48 and at 64.70 for 2nd resistance point.

SL Green Realty Corp. [SLG] reported its earnings at $0.19 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.22/share signifying the difference of 0.41 and 186.40% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.74 calling estimates for $0.09/share with the difference of 0.65 depicting the surprise of 722.20%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 5.73, it’s amount to book ratio is 1.39 and showing 23.04 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by GREEN STEPHEN L, Director, and it was the sale of 65578.0 shares on Jun 10. GREEN STEPHEN L, the Director, completed a sale of 34422.0 shares on Jun 09.