SL Green Realty Corp. (NYSE: SLG) closed the day trading at $48.32 down -2.74% from the previous closing price of $49.68. On the day, 1481243 shares were traded.
Ratios:
For a better understanding of SLG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.09. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 3.80 while its Price-to-Book (P/B) ratio in mrq is 0.93.
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.
Shares Statistics:
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 86.48% stake in the company.
