SL Green Realty (SLG) to Release Quarterly Earnings on Wednesday

SL Green Realty (NYSE:SLGGet Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of ($0.45) per share and revenue of $156,295.49 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

SL Green Realty Stock Performance

Shares of SLG stock opened at $65.85 on Tuesday. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06. SL Green Realty has a 52 week low of $41.81 and a 52 week high of $82.81. The firm has a 50 day moving average of $71.51 and a 200-day moving average of $69.04. The company has a market cap of $4.34 billion, a price-to-earnings ratio of -26.34, a price-to-earnings-growth ratio of 5.08 and a beta of 1.82.

SL Green Realty Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.2575 dividend. This represents a $3.09 dividend on an annualized basis and a yield of 4.69%. This is a boost from SL Green Realty’s previous monthly dividend of $0.25. The ex-dividend date was Tuesday, December 31st. SL Green Realty’s dividend payout ratio (DPR) is presently -123.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Compass Point increased their price objective on shares of SL Green Realty from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $87.00 price target (up previously from $72.00) on shares of SL Green Realty in a report on Monday, October 21st. JPMorgan Chase & Co. upgraded SL Green Realty from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $51.00 to $80.00 in a report on Tuesday, December 10th. Evercore ISI increased their target price 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 lifted their price target on shares of SL Green Realty from $80.00 to $81.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.38.

View Our Latest Report on SL Green Realty

About SL Green Realty

(Get Free Report)

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.

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Earnings History for SL Green Realty (NYSE:SLG)

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