SL Green Realty (SLG) to Release Earnings on Wednesday

SL Green Realty (NYSE:SLG) is set to release its earnings data after the market closes on Wednesday, July 17th. Analysts expect SL Green Realty to post earnings of $1.59 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

SL Green Realty Price Performance

NYSE:SLG opened at $61.72 on Monday. SL Green Realty has a one year low of $28.55 and a one year high of $63.06. The company has a market cap of $4.06 billion, a P/E ratio of -7.47, a P/E/G ratio of 1.14 and a beta of 1.83. The firm’s fifty day moving average price is $54.34 and its two-hundred day moving average price is $50.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.96 and a quick ratio of 2.96.

SL Green Realty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 4.86%. SL Green Realty’s dividend payout ratio is currently -36.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler restated an “overweight” rating and issued a $58.00 price target on shares of SL Green Realty in a research note on Tuesday, March 26th. Citigroup upped their price target on shares of SL Green Realty from $31.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, June 13th. JPMorgan Chase & Co. upped their price target on shares of SL Green Realty from $43.00 to $44.00 and gave the company an “underweight” rating in a research note on Thursday, April 25th. Morgan Stanley upped their price target on shares of SL Green Realty from $41.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Finally, Evercore ISI upped their price target on shares of SL Green Realty from $47.00 to $49.00 and gave the company an “underperform” rating in a research note on Monday, July 1st. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, SL Green Realty has an average rating of “Hold” and a consensus target price of $45.38.

About SL Green Realty

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.