SL Green Realty (NYSE:SLG) will be issuing its quarterly earnings data after the market closes on Wednesday, April 18th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. SL Green Realty has set its FY18 guidance at $6.70-$6.80 EPS.
SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, January 24th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.60. The company had revenue of $361.30 million during the quarter, compared to analysts’ expectations of $320.48 million. SL Green Realty had a net margin of 6.71% and a return on equity of 1.38%. SL Green Realty’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. On average, analysts expect SL Green Realty to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NYSE SLG opened at $96.52 on Tuesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8,593.72, a PE ratio of 14.96, a P/E/G ratio of 2.35 and a beta of 1.06. SL Green Realty has a 52-week low of $89.46 and a 52-week high of $109.95.
The business also recently announced a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were paid a dividend of $0.8125 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Thursday, March 29th. SL Green Realty’s dividend payout ratio is presently 50.39%.
SLG has been the subject of a number of research reports. Jefferies Group initiated coverage on shares of SL Green Realty in a research note on Monday, February 26th. They set a “buy” rating for the company. Evercore ISI cut shares of SL Green Realty from an “in-line” rating to an “underperform” rating in a research note on Monday, March 5th. SunTrust Banks set a $110.00 target price on shares of SL Green Realty and gave the stock a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus upgraded shares of SL Green Realty from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.00 to $111.00 in a research note on Friday, January 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $114.00 price objective on shares of SL Green Realty in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $113.69.
In other news, CEO Marc Holliday bought 7,880 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $25.20 per share, for a total transaction of $198,576.00. Following the transaction, the chief executive officer now owns 88,900 shares of the company’s stock, valued at $2,240,280. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig M. Hatkoff sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $93.73, for a total transaction of $318,682.00. Following the completion of the transaction, the director now owns 1,365 shares of the company’s stock, valued at $127,941.45. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
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SL Green Realty Company Profile
SL Green Realty Corp., an S&P 500 company and New York City'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 December 31, 2017, SL Green held interests in 121 Manhattan buildings totaling 50.0 million square feet.
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