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The closing price of SL Green Realty Corp. (NYSE: SLG) was $52.58 for the day, up 2.16% from the previous closing price of $51.47. In other words, the price has increased by $2.16 from its previous closing price. On the day, 0.7 million shares were traded. SLG stock price reached its highest trading level at $53.24 during the session, while it also had its lowest trading level at $51.9601.
Ratios:
Our analysis of SLG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.74. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 1.21.
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, BMO Capital Markets on April 18, 2024, Upgraded its rating to Outperform and sets its target price to $58 from $56 previously.
On March 27, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $35 to $48.
Evercore ISI Downgraded its In-line to Underperform on March 18, 2024, while the target price for the stock was maintained at $44.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3407499520 and an Enterprise Value of 8655125504. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.36 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 10.736 whereas that against EBITDA is 36.154.
Stock Price History:
Over the past 52 weeks, SLG has reached a high of $55.75, while it has fallen to a 52-week low of $20.51. The 50-Day Moving Average of the stock is 3.40%, while the 200-Day Moving Average is calculated to be 25.59%.
Shares Statistics:
SLG traded an average of 1.20M shares per day over the past three months and 987320 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 85.55% stake in the company. Shares short for SLG as of 1713139200 were 14521871 with a Short Ratio of 12.11, compared to 1710460800 on 14064357. Therefore, it implies a Short% of Shares Outstanding of 14521871 and a Short% of Float of 34.56.
Dividends & Splits
With its trailing 12-month dividend rate of 3.166, SLG has a forward annual dividend rate of 3.15. Against a Trailing Annual Dividend Yield of 0.061511558The stock’s 5-year Average Dividend Yield is 6.86.
