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As of close of business last night, SL Green Realty Corp.’s stock clocked out at $66.64, down -0.34% from its previous closing price of $66.87. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 1.53 million shares were traded. SLG stock price reached its highest trading level at $68.92 during the session, while it also had its lowest trading level at $66.03.
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 13.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.18. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.
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, Scotiabank on July 09, 2024, Upgraded its rating to Sector Perform and sets its target price to $53 from $43 previously.
On April 18, 2024, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $56 to $58.
Barclays Upgraded its Underweight to Equal Weight on March 27, 2024, whereas the target price for the stock was revised from $35 to $48.
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 4605677056 and an Enterprise Value of 9406778368. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.17 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 10.441 whereas that against EBITDA is 24.537.
Stock Price History:
Over the past 52 weeks, SLG has reached a high of $66.99, while it has fallen to a 52-week low of $28.55. The 50-Day Moving Average of the stock is 17.56%, while the 200-Day Moving Average is calculated to be 39.95%.
Shares Statistics:
It appears that SLG traded 852.05K shares on average per day over the past three months and 1078930 shares per day over the past ten days. A total of 64.81M shares are outstanding, with a floating share count of 64.73M. Insiders hold about 0.11% of the company’s shares, while institutions hold 96.89% stake in the company. Shares short for SLG as of 1721001600 were 12084599 with a Short Ratio of 14.18, compared to 1718323200 on 13136985. Therefore, it implies a Short% of Shares Outstanding of 12084599 and a Short% of Float of 28.749999999999996.
Dividends & Splits
With its trailing 12-month dividend rate of 3.104, SLG has a forward annual dividend rate of 3.08. Against a Trailing Annual Dividend Yield of 0.046592616The stock’s 5-year Average Dividend Yield is 6.91.
