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

SL Green Realty (NYSE:SLGGet Free Report) is set to announce its 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 that wish to listen to the company’s earnings conference call can do so using this link.

SL Green Realty Trading Up 1.7 %

Shares of SLG stock opened at $56.83 on Wednesday. The company’s fifty day simple moving average is $53.67 and its two-hundred day simple moving average is $50.15. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of -6.88, a PEG ratio of 1.02 and a beta of 1.83. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.96 and a quick ratio of 2.96. SL Green Realty has a 1 year low of $28.55 and a 1 year high of $58.54.

SL Green Realty Dividend Announcement

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 dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, June 28th. SL Green Realty’s dividend payout ratio is -36.32%.

Wall Street Analysts Forecast Growth

SLG has been the topic of several research reports. Citigroup raised their target price on shares of SL Green Realty from $31.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. raised their price objective on shares of SL Green Realty from $43.00 to $44.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Evercore ISI lifted their price target on shares of SL Green Realty from $47.00 to $49.00 and gave the company an “underperform” rating in a report on Monday, July 1st. Barclays upgraded shares of SL Green Realty from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $35.00 to $48.00 in a report on Wednesday, March 27th. Finally, BMO Capital Markets upgraded shares of SL Green Realty from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $56.00 to $58.00 in a report on Thursday, April 18th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.38.

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SL Green Realty Company Profile

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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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