The price of SL Green Realty Corp. (NYSE: SLG) closed at $51.28 in the last session, down -6.81% from day before closing price of $55.03. In other words, the price has decreased by -$3.75 from its previous closing price. On the day, 1777886 shares were traded.
Ratios:
We take a closer look at SLG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.93. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 0.97.
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, Barclays on March 27, 2024, Upgraded its rating to Equal Weight and sets its target price to $48 from $35 previously.
On March 18, 2024, Evercore ISI Downgraded its rating to Underperform which previously was In-line but kept the price unchanged to $44.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $50.Deutsche Bank initiated its Hold rating on January 30, 2024, with a $50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 3.57B and an Enterprise Value of 7.98B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.03 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 8.73 whereas that against EBITDA is -38.67.
Stock Price History:
The Beta on a monthly basis for SLG is 1.70, which has changed by 119.90% over the last 52 weeks, in comparison to a change of 24.47% over the same period for the S&P500. 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 48.95, while the 200-Day Moving Average is calculated to be 40.21.
Shares Statistics:
According to the various share statistics, SLG traded on average about 1.29M shares per day over the past 3-months and 1.11M shares per day over the past 10 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 86.49% stake in the company. Shares short for SLG as of Mar 28, 2024 were 13.7M with a Short Ratio of 10.64, compared to 14.11M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 21.14% and a Short% of Float of 30.55%.
Dividends & Splits
The forward annual dividend rate for SLG is 3.17, which was 3.23 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 5.87%, it implies a Forward Annual Dividend Yield of 5.85%. The stock’s 5-year Average Dividend Yield is 6.82.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.85 and a low estimate of -$0.72, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.36, with high estimates of -$0.02 and low estimates of -$0.62.
Analysts are recommending an EPS of between $0.16 and -$2.44 for the fiscal current year, implying an average EPS of -$0.91. EPS for the following year is -$1.68, with 5 analysts recommending between -$0.55 and -$3.07.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $153.77M. It ranges from a high estimate of $182.71M to a low estimate of $129.84M. As of the current estimate, SL Green Realty Corp.’s year-ago sales were $235.57M, an estimated decrease of -34.70% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $151.58M, a decrease of -18.50% over than the figure of -$34.70% in the same quarter last year. There is a high estimate of $182.19M for the next quarter, whereas the lowest estimate is $130.48M.
A total of 13 analysts have provided revenue estimates for SLG’s current fiscal year. The highest revenue estimate was $823.83M, while the lowest revenue estimate was $515.05M, resulting in an average revenue estimate of $646.54M. In the same quarter a year ago, actual revenue was $683.34M, down -5.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $644.12M 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 down -0.40% from the average revenue estimate for this year.
