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In the latest session, SL Green Realty Corp. (NYSE: SLG) closed at $72.21 up 0.24% from its previous closing price of $72.04. In other words, the price has increased by $0.24 from its previous closing price. On the day, 0.67 million shares were traded. SLG stock price reached its highest trading level at $73.51 during the session, while it also had its lowest trading level at $71.53.
Ratios:
For a deeper understanding of SL Green Realty Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.67. In the meantime, Its Debt-to-Equity ratio is 1.19 whereas as Long-Term Debt/Eq ratio is at 1.06.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
HATKOFF CRAIG M sold 5,100 shares of SLG for $238,425 on Jan 26 ’24. The Director now owns 2,070 shares after completing the transaction at $46.75 per share. On Jan 26 ’24, another insider, ATKINS BETSY S, who serves as the Director of the company, sold 9,894 shares for $47.25 each. As a result, the insider received 467,492 and left with 6,886 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 4691252736 and an Enterprise Value of 9708576768. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.51 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 10.776 whereas that against EBITDA is 25.048.
Stock Price History:
Over the past 52 weeks, SLG has reached a high of $73.80, while it has fallen to a 52-week low of $28.55. The 50-Day Moving Average of the stock is 12.59%, while the 200-Day Moving Average is calculated to be 35.75%.
Shares Statistics:
For the past three months, SLG has traded an average of 767.25K shares per day and 714330 over the past ten days. A total of 64.81M shares are outstanding, with a floating share count of 64.74M. Insiders hold about 0.11% of the company’s shares, while institutions hold 93.57% stake in the company. Shares short for SLG as of 1724976000 were 9816113 with a Short Ratio of 12.79, compared to 1722384000 on 10744225. Therefore, it implies a Short% of Shares Outstanding of 9816113 and a Short% of Float of 23.36.
Dividends & Splits
According to the company, the forward annual dividend rate for SLG is 3.06, from 3.104 in the trailing year. Against a Trailing Annual Dividend Yield of 0.043087173The stock’s 5-year Average Dividend Yield is 6.93.
