SL Green Realty (SLG) to Release Earnings on Wednesday

SL Green Realty (NYSE:SLGGet Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, July 17th. Analysts expect SL Green Realty to post earnings of $1.59 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

SL Green Realty Stock Up 1.7 %

NYSE:SLG opened at $56.83 on Wednesday. SL Green Realty has a 1 year low of $28.55 and a 1 year high of $58.54. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of -6.73, a PEG ratio of 1.02 and a beta of 1.83. The stock has a 50-day moving average price of $53.67 and a two-hundred day moving average price of $50.15.

SL Green Realty Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a yield of 5.28%. SL Green Realty’s payout ratio is -36.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on SLG. Evercore ISI boosted their target price on SL Green Realty from $47.00 to $49.00 and gave the company an “underperform” rating in a research note on Monday, July 1st. Barclays raised SL Green Realty from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $35.00 to $48.00 in a research note on Wednesday, March 27th. Morgan Stanley upped their price objective on SL Green Realty from $41.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Piper Sandler reaffirmed an “overweight” rating and set a $58.00 price objective on shares of SL Green Realty in a research report on Tuesday, March 26th. Finally, BMO Capital Markets raised SL Green Realty from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $56.00 to $58.00 in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.38.

Read 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.

See Also

Earnings History for SL Green Realty (NYSE:SLG)

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