Momentum Is Strong For SL Green Realty Corp. (NYSE: SLG)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed SL Green Realty Corp. to Participate in the 2024 Citi Global Property CEO Conference.

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Stocks Info

This NYSE-listed company operates within the REIT – Office industry segment, falling under the Real Estate sector. The current market capitalization of SL Green Realty Corp. is $3.19B. A total of 0.86 million shares were traded on the day, compared to an average of 1.51M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. 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 0 BUYs and 4 SELLs from insiders. Insiders purchased 0 shares during that period but sold 197,760.

In the most recent transaction, Brown Carol N sold 5,118 shares of SLG for 44.37 per share on Feb 09. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jan 26, ATKINS BETSY S sold 9,894 shares at 47.25 per share. SLG shares that Director owns now total 6,886.

Among the insiders who sold shares, HATKOFF CRAIG M disposed of 5,100 shares on Jan 26 at a per-share price of $46.75. This resulted in the Director holding 2,070 shares of SLG after the transaction. In another insider transaction, MATHIAS ANDREW W sold 176,960 shares at $32.08 per share on Nov 02. Company shares held by the PRESIDENT now total 6,049.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. SLG’s most recent ex-dividend date was 2/28/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 1/30/2024. The SLG stock dividend was $0.25 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SLG in the last 3 months, the mean price target is $41.88 with high estimates of $60.00 and low estimates of $21.00. In terms of 52-week highs and lows, SLG has a high of $50.11 and a low of $19.06.

As of this writing, SLG has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.68 per share and a lower estimate of -$0.72. The company reported an EPS of -$0.38 in the last quarter, which was -26.70% lower than expectations of -$0.3.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $910.37M in liabilities at the time. Its Book Value Per Share was $51.90, while its Total Shareholder’s Equity was $5.32B.

Analysts Opinion

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. 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 2.53.

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