As of close of business last night, SL Green Realty Corp.’s stock clocked out at $54.77, up 3.42% from its previous closing price of $52.96. In other words, the price has increased by $+1.81 from its previous closing price. On the day, 1794358 shares were traded.
Ratios:
To gain a deeper understanding of SLG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.10. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 0.97.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $50.
Truist Downgraded its Buy to Hold on January 16, 2024, whereas the target price for the stock was revised from $44 to $47.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 09 ’24 when Brown Carol N sold 5,118 shares for $44.37 per share. The transaction valued at 227,086 led to the insider holds 0 shares of the business.
ATKINS BETSY S sold 9,894 shares of SLG for $467,492 on Jan 26 ’24. The Director now owns 6,886 shares after completing the transaction at $47.25 per share. On Jan 26 ’24, another insider, HATKOFF CRAIG M, who serves as the Director of the company, sold 5,100 shares for $46.75 each. As a result, the insider received 238,425 and left with 2,070 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 3.55B and an Enterprise Value of 7.96B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.30 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 8.72 whereas that against EBITDA is -38.59.
Stock Price History:
Over the past 52 weeks, SLG has reached a high of $53.11, while it has fallen to a 52-week low of $19.06. The 50-Day Moving Average of the stock is 47.10, while the 200-Day Moving Average is calculated to be 38.48.
Shares Statistics:
It appears that SLG traded 1.31M shares on average per day over the past three months and 1.27M shares per day over the past ten days. A total of 64.73M shares are outstanding, with a floating share count of 64.72M. Insiders hold about 5.86% of the company’s shares, while institutions hold 86.50% stake in the company. Shares short for SLG as of Feb 29, 2024 were 14.11M with a Short Ratio of 10.80, compared to 13.47M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.78% and a Short% of Float of 31.48%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.23, SLG has a forward annual dividend rate of 3.19. Against a Trailing Annual Dividend Yield of 6.10%, it implies a Forward Annual Dividend Yield of 5.48%. The stock’s 5-year Average Dividend Yield is 6.78.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of $0.68 and a low estimate of -$0.72, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.41, with high estimates of -$0.02 and low estimates of -$0.62.
Analysts are recommending an EPS of between -$0.15 and -$2.44 for the fiscal current year, implying an average EPS of -$1.26. EPS for the following year is -$1.97, with 4 analysts recommending between -$0.91 and -$3.07.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $158.04M. It ranges from a high estimate of $182.71M to a low estimate of $136.72M. As of the current estimate, SL Green Realty Corp.’s year-ago sales were $235.57M, an estimated decrease of -32.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $155.66M, a decrease of -16.30% over than the figure of -$32.90% in the same quarter last year. There is a high estimate of $182.19M for the next quarter, whereas the lowest estimate is $131.64M.
A total of 9 analysts have provided revenue estimates for SLG’s current fiscal year. The highest revenue estimate was $821.79M, while the lowest revenue estimate was $515.05M, resulting in an average revenue estimate of $660.84M. In the same quarter a year ago, actual revenue was $683.34M, down -3.30% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $664.43M in the next fiscal year. The high estimate is $827.48M and the low estimate is $491.62M. The average revenue growth estimate for next year is up 0.50% from the average revenue estimate for this year.
