SL Green Realty (SLG) Expected to Post Quarterly Earnings on Wednesday

SL Green Realty (NYSE:SLG) is anticipated to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect SL Green Realty to post earnings of ($0.45) per share and revenue of $156,295.49 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

SL Green Realty Price Performance

Shares of NYSE:SLG opened at $65.85 on Tuesday. The company has a market capitalization of $4.34 billion, a P/E ratio of -26.34, a price-to-earnings-growth ratio of 5.08 and a beta of 1.82. The company’s 50-day moving average is $71.51 and its 200 day moving average is $69.04. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.58 and a current ratio of 2.58. SL Green Realty has a fifty-two week low of $41.81 and a fifty-two week high of $82.81.

SL Green Realty Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.2575 dividend. This is a positive change from SL Green Realty’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.09 annualized dividend and a yield of 4.69%. SL Green Realty’s payout ratio is currently -123.60%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SLG shares. BMO Capital Markets restated an “outperform” rating and set a $87.00 price target (up previously from $72.00) on shares of SL Green Realty in a research note on Monday, October 21st. Piper Sandler restated an “overweight” rating and issued a $90.00 target price (up from $75.00) on shares of SL Green Realty in a research note on Monday, October 21st. Jefferies Financial Group dropped their price target on SL Green Realty from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Evercore ISI lifted their price objective on SL Green Realty from $67.00 to $79.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, Scotiabank upped their price objective on shares of SL Green Realty from $80.00 to $81.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $68.38.

SL Green Realty Company Profile

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.