SL Green Realty (SLG) Earning Somewhat Positive News Coverage, Study Shows

Media stories about SL Green Realty (NYSE:SLG) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SL Green Realty earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.8376732630925 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of NYSE SLG traded down $0.17 during midday trading on Tuesday, hitting $95.13. 945,400 shares of the company’s stock were exchanged, compared to its average volume of 1,012,203. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.80. SL Green Realty has a 12 month low of $89.46 and a 12 month high of $109.00. The company has a market capitalization of $8.34 billion, a P/E ratio of 14.75, a P/E/G ratio of 2.33 and a beta of 1.05.

SL Green Realty (NYSE:SLG) last issued its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($1.10). SL Green Realty had a return on equity of 2.72% and a net margin of 13.36%. The business had revenue of $301.70 million for the quarter, compared to the consensus estimate of $295.93 million. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business’s revenue was down 20.1% compared to the same quarter last year. analysts predict that SL Green Realty will post 6.75 EPS for the current fiscal year.

A number of research firms have weighed in on SLG. ValuEngine downgraded SL Green Realty from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. BMO Capital Markets restated a “buy” rating and issued a $115.00 price target on shares of SL Green Realty in a research note on Tuesday, February 27th. Zacks Investment Research upgraded SL Green Realty from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Wednesday, April 11th. Sandler O’Neill restated a “buy” rating and issued a $115.00 price target on shares of SL Green Realty in a research note on Monday, April 23rd. Finally, SunTrust Banks downgraded SL Green Realty from a “buy” rating to a “hold” rating and set a $108.00 price target for the company. in a research note on Friday, March 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. SL Green Realty has a consensus rating of “Hold” and an average target price of $112.33.

In other news, insider Andrew S. Levine sold 15,000 shares of SL Green Realty stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $100.23, for a total transaction of $1,503,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.99% of the company’s stock.

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.

Insider Buying and Selling by Quarter for SL Green Realty (NYSE:SLG)

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