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Sunday, December 3, 2023

Today, SL Green Realty Corp. (NYSE: SLG) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for SL Green Realty Corp. (SLG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.43, or -1.22%, to $34.83. The SL Green Realty Corp. has recorded 35,753 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SL Green Announces Appointment of Garrett Armwood as Vice President of Government Affairs.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $35.26 and fluctuated between $36.58 as its day high and $34.62 as its day low. The current market capitalization of SL Green Realty Corp. is $2.42B. A total of 2.29 million shares were traded on the day, compared to an average of 1.81M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SLG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 4 SELLs from insiders. Insiders purchased 27,739 shares during that period but sold 22,100.

In the most recent transaction, MATHIAS ANDREW W sold 176,960 shares of SLG for 32.08 per share on Nov 02. After the transaction, the PRESIDENT now owns 6,049 company shares. In a previous transaction on Aug 14, BURTON EDWIN T III sold 6,800 shares at 34.30 per share. SLG shares that Director owns now total 89.

Among the insiders who sold shares, ATKINS BETSY S disposed of 5,000 shares on May 16 at a per-share price of $21.47. This resulted in the Director holding 11,662 shares of SLG after the transaction. In another insider transaction, DiLiberto Matthew J. bought 10,000 shares at $16.44 per share on Mar 24. Company shares held by the CHIEF FINANCIAL OFFICER now total 13,000.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. SLG’s most recent ex-dividend date was 10/30/2023 when it declared a $0.2710 quarterly dividend that was paid in cash on 11/15/2023. Previously, the company paid the dividend on 10/16/2023 with an ex-dividend date of 9/28/2023. The SLG stock dividend was $0.2710 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SLG in the last 3 months, the mean price target is $33.63 with high estimates of $70.00 and low estimates of $21.00. In terms of 52-week highs and lows, SLG has a high of $44.65 and a low of $19.06.

As of this writing, SLG has an earnings estimate of -$0.81 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.74 per share and a lower estimate of -$0.89. The company reported an EPS of -$5.63 in the last quarter, which was -660.80% lower than expectations of -$0.74.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SLG’s latest balance sheet shows that the firm has $286.17M in Cash & Short Term Investments as of fiscal 2021. There were $4.97B in debt and $919.04M in liabilities at the time. Its Book Value Per Share was $55.70, while its Total Shareholder’s Equity was $5.32B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 2.63.

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