SL Green Realty Corporation (SLG) to Release Quarterly Earnings on Wednesday
SL Green Realty Corporation (NYSE:SLG) will be issuing its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.
SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.54). SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The firm had revenue of $279.41 million during the quarter, compared to analysts’ expectations of $281.40 million. On average, analysts expect SL Green Realty Corporation to post $0.29 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
Shares of SL Green Realty Corporation (NYSE SLG) opened at 102.87 on Tuesday. The stock’s 50 day moving average is $99.88 and its 200 day moving average is $102.87. The firm has a market capitalization of $10.18 billion, a P/E ratio of 104.97 and a beta of 1.20. SL Green Realty Corporation has a 1-year low of $93.90 and a 1-year high of $115.34.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.
A number of research analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $130.00 target price on shares of SL Green Realty Corporation in a research report on Tuesday, September 26th. BMO Capital Markets decreased their price target on shares of SL Green Realty Corporation from $127.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and set a $104.00 price target (down previously from $106.00) on shares of SL Green Realty Corporation in a research note on Friday, September 1st. Bank of America Corp cut shares of SL Green Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $113.00 to $110.00 in a research note on Wednesday, August 16th. Finally, BidaskClub cut shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $115.58.
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About SL Green Realty Corporation
SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.
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