Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
SL Green Realty Corp (NYSE: SLG) closed the day trading at $75.74 down -3.13% from the previous closing price of $78.19. In other words, the price has decreased by -$3.13 from its previous closing price. On the day, 1.06 million shares were traded. SLG stock price reached its highest trading level at $78.38 during the session, while it also had its lowest trading level at $75.39.
Ratios:
For a better understanding of SLG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 257.16. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 1.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Compass Point on September 18, 2024, Upgraded its rating to Neutral and sets its target price to $60 from $35 previously.
On September 16, 2024, Evercore ISI Upgraded its rating to In-line which previously was Underperform and also upped its target price recommendation from $55 to $66.
Citigroup Upgraded its Sell to Neutral on September 13, 2024, whereas the target price for the stock was revised from $44 to $66.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 25 ’24 when LEVINE ANDREW S sold 45,785 shares for $79.69 per share. The transaction valued at 3,648,463 led to the insider holds 8,104 shares of the business.
LEVINE ANDREW S bought 45,785 shares of SLG for $3,668,294 on Nov 25 ’24. On Feb 09 ’24, another insider, Brown Carol N, who serves as the Director of the company, sold 5,118 shares for $44.37 each. As a result, the insider received 227,086 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SLG now has a Market Capitalization of 5456885248 and an Enterprise Value of 10282720256. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.30 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 11.175 whereas that against EBITDA is 25.012.
Stock Price History:
Over the past 52 weeks, SLG has reached a high of $82.81, while it has fallen to a 52-week low of $36.10. The 50-Day Moving Average of the stock is 1.57%, while the 200-Day Moving Average is calculated to be 24.36%.
Shares Statistics:
Over the past 3-months, SLG traded about 804.28K shares per day on average, while over the past 10 days, SLG traded about 1318740 shares per day. A total of 71.74M shares are outstanding, with a floating share count of 71.68M. Insiders hold about 0.09% of the company’s shares, while institutions hold 81.94% stake in the company. Shares short for SLG as of 1731628800 were 6921939 with a Short Ratio of 8.61, compared to 1728950400 on 8425997. Therefore, it implies a Short% of Shares Outstanding of 6921939 and a Short% of Float of 16.16.
Dividends & Splits
SLG’s forward annual dividend rate is 3.00, up from 3.042 a year ago. Against a Trailing Annual Dividend Yield of 0.03890523The stock’s 5-year Average Dividend Yield is 6.93.
