SL Green Realty Corp. [SLG] stock prices are up 2.27% to $51.76 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SLG shares have gain 6.74% over the last week, with a monthly amount glided 21.08%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, SL Green Realty Corp. to Participate in the 2024 Citi Global Property CEO Conference. In a post published today on Yahoo Finance, SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, today announced that Marc Holliday, Chairman and Chief Executive Officer, Matt DiLiberto, Chief Financial Officer, and Harrison Sitomer, Chief Investment Officer, will participate in a roundtable discussion at Citi’s 2024 Global Property CEO Conference on Monday, March 4, 2024 at 9:35 AM ET. The roundtable discussion will be webcast.
From an analyst’s perspective:
SL Green Realty Corp. [NYSE: SLG] stock has seen the most recent analyst activity on January 30, 2024, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $50. Previously, Truist downgraded its rating to Hold on January 16, 2024, and elevated its price target to $47. On September 26, 2023, Compass Point initiated with a Sell rating and assigned a price target of $27 on the stock. BMO Capital Markets downgraded its rating to a Market Perform and increased its price target to $35 on August 17, 2023. Piper Sandler upgraded its rating to a Overweight and raised its price target to $41 on July 21, 2023. BTIG Research reiterated a Buy rating for this stock on June 27, 2023, and downed its price target to $70. In a note dated April 03, 2023, BMO Capital Markets upgraded an Outperform rating on this stock but restated the target price of $30.
The stock price of SL Green Realty Corp. [SLG] has been fluctuating between $19.06 and $52.10 over the past year. Currently, Wall Street analysts expect the stock to reach $67.06 within the next 12 months. SL Green Realty Corp. [NYSE: SLG] shares were valued at $51.76 at the most recent close of the market. An investor can expect a potential return of 29.56% based on the average SLG price forecast.
Analyzing the SLG fundamentals
The SL Green Realty Corp. [NYSE:SLG] reported sales of 874.89M for trailing twelve months, representing a drop of -3.83%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.72%, and Net Profit Margin reading is -0.96%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.19 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.12 points at the first support level, and at 50.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.41, and for the 2nd resistance point, it is at 53.06.
SL Green Realty Corp. [SLG] reported earnings per share of -$2.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.88/share, meaning a difference of -$1.57 and a surprise factor of -178.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.38 per share as compared to estimates of -$0.3 per share, a difference of -$0.08 representing a surprise of -26.70%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.07, the price to book ratio is 1.00.
Transactions by insiders
Recent insider trading involved Brown Carol N, Director, that happened on Feb 09 ’24 when 5118.0 shares were sold. Director, ATKINS BETSY S completed a deal on Jan 26 ’24 to sell 9894.0 shares. Meanwhile, Director HATKOFF CRAIG M sold 5100.0 shares on Jan 26 ’24.
