SL Green Realty Corp. [SLG] stock is trading at $52.96, up 2.68%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLG shares have gain 3.54% over the last week, with a monthly amount glided 14.78%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, SL Green Realty Corp. to Release First Quarter 2024 Financial Results After Market Close on April 17, 2024. In a post published today on Yahoo Finance, Conference Call to be Held on April 18, 2024 at 2:00pm ET.
From an analyst’s perspective:
SL Green Realty Corp. [NYSE: SLG] stock has seen the most recent analyst activity on March 18, 2024, when Evercore ISI downgraded its rating to a Underperform but kept the price target unchanged to $44 for it. Previously, Deutsche Bank started tracking the stock with Hold rating on January 30, 2024, and set its price target to $50. On January 16, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $47 on the stock. Compass Point started tracking the stock assigning a Sell rating and suggested a price target of $27 on September 26, 2023. BMO Capital Markets downgraded its rating to a Market Perform and raised its price target to $35 on August 17, 2023. Piper Sandler upgraded its rating to Overweight for this stock on July 21, 2023, and upped its price target to $41. In a note dated June 27, 2023, BTIG Research reiterated an Buy rating on this stock and revised its target price from $84 to $70.
SL Green Realty Corp. [SLG] stock has fluctuated between $19.06 and $52.50 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 $52.96 at the most recent close of the market. An investor can expect a potential return of 26.62% based on the average SLG price forecast.
Analyzing the SLG fundamentals
SL Green Realty Corp. [NYSE:SLG] reported sales of 874.89M for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.02.
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 51.53 points at the first support level, and at 50.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.75, and for the 2nd resistance point, it is at 54.54.
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 4.16, the price to book ratio is 1.02.
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.
