SL Green Realty Corp. (NYSE:SLG – Get Free Report) has received an average rating of “Reduce” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $44.46.
Several research analysts have recently commented on SLG shares. Evercore ISI increased their price target on shares of SL Green Realty from $46.00 to $47.00 and gave the stock an “underperform” rating in a research note on Monday, April 22nd. Scotiabank increased their target price on shares of SL Green Realty from $40.00 to $43.00 and gave the stock a “sector underperform” rating in a research report on Tuesday, April 2nd. Morgan Stanley boosted their price target 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. Citigroup increased their price objective on SL Green Realty from $31.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, June 13th. Finally, JPMorgan Chase & Co. boosted their target price on SL Green Realty from $43.00 to $44.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th.
Get Our Latest Research Report on SL Green Realty
Institutional Inflows and Outflows
SL Green Realty Trading Up 1.8 %
NYSE:SLG opened at $56.64 on Friday. The company has a market capitalization of $3.73 billion, a P/E ratio of -6.86, a P/E/G ratio of 1.03 and a beta of 1.77. The stock’s 50 day moving average price is $53.15 and its 200 day moving average price is $49.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.96 and a current ratio of 2.96. SL Green Realty has a 52 week low of $27.86 and a 52 week high of $58.54.
SL Green Realty Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 28th. This represents a $3.00 annualized dividend and a dividend yield of 5.30%. SL Green Realty’s dividend payout ratio (DPR) is currently -36.32%.
SL Green Realty Company Profile
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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