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Tuesday, March 21, 2023

There’s No Getting Around SL Green Realty Corp. (NYSE: SLG) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for SL Green Realty Corp. (SLG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.27, or 0.79%, to $34.44. The SL Green Realty Corp. has recorded 5,173 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted SL Green Realty Corp. to Participate in the 2023 Citi Global Property CEO Conference.


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Stocks Info

SLG belongs to the Real Estate sector of the NYSE while operating in the REIT – Office industry. At the end of the last regular session, the stock closed at $34.17 and fluctuated between $34.33 as its day high and $33.29 as its day low. The current market capitalization of SL Green Realty Corp. is $2.22B. A total of 0.96 million shares were traded on the day, compared to an average of 1.45M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SLG has seen 4 BUY and 1 SELL insider trades, representing the acquisition of 27,739 and the disposition of 1,300 shares. Over the last 12 months, there were 7 BUYs and 2 SELLs from insiders. Insiders purchased 28,103 shares during that period but sold 2,100.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. SLG’s most recent ex-dividend date was 2/27/2023 when it declared a $0.2708 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 2/15/2023 with an ex-dividend date of 1/30/2023. The SLG stock dividend was $0.2710 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SLG in the last 3 months, the mean price target is $42.00 with high estimates of $84.00 and low estimates of $33.00. In terms of 52-week highs and lows, SLG has a high of $83.96 and a low of $32.15.

As of this writing, SLG has an earnings estimate of -$0.66 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.66 per share and a lower estimate of -$0.66. The company reported an EPS of $0.11 in the last quarter, which was 37.50% higher than expectations of $0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLG is Underweight with a score of 3.12. A total of 2 analysts rated the stock as Buy while 2 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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