A share price of SL Green Realty Corp. [SLG] is currently trading at $55.03, up 2.15%. 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 7.04% over the last week, with a monthly amount glided 6.32%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, SL Green Signs Leases Totaling 104,000 Square Feet at One Madison Avenue. In a post published today on Yahoo Finance, Unveils Le Jardin sur Madison and La Tête d’Or by Daniel Designed by Renowned Architect David Rockwell.
From an analyst’s perspective:
SL Green Realty Corp. [NYSE: SLG] stock has seen the most recent analyst activity on March 27, 2024, when Barclays upgraded its rating to a Equal Weight and also boosted its price target to $48 from $35. Previously, Evercore ISI downgraded its rating to Underperform on March 18, 2024, and kept the price target unchanged to $44. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $50 on the stock. Truist downgraded its rating to a Hold and increased its price target to $47 on January 16, 2024. Compass Point initiated its recommendation with a Sell and recommended $27 as its price target on September 26, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on August 17, 2023, and upped its price target to $35. In a note dated July 21, 2023, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $27 to $41.
SL Green Realty Corp. experienced fluctuations in its stock price throughout the past year between $20.51 and $55.75. Currently, Wall Street analysts expect the stock to reach $65.3 within the next 12 months. SL Green Realty Corp. [NYSE: SLG] shares were valued at $55.03 at the most recent close of the market. An investor can expect a potential return of 18.66% based on the average SLG price forecast.
Analyzing the SLG fundamentals
Trailing Twelve Months sales for SL Green Realty Corp. [NYSE:SLG] were 874.89M which represents -3.83% decline. 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 53.89 points at the first support level, and at 52.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.61, and for the 2nd resistance point, it is at 56.18.
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 4.32, the price to book ratio is 1.06.
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.
