Analyst Expects SL Green Realty Corp. (NYSE: SLG) To Make Big Moves

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed SL Green Realty Corp. to Release First Quarter 2024 Financial Results After Market Close on April 17, 2024.

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Stocks Info

As a NYSE listed company, SLG falls under the Real Estate sector while operating within the REIT – Office industry segment. The current market capitalization of SL Green Realty Corp. is $3.51B. A total of 1.08 million shares were traded on the day, compared to an average of 1.33M shares.

In the most recent transaction, Brown Carol N sold 5,118 shares of SLG for 44.37 per share on Feb 09 ’24. After the transaction, the Director now owns 0 company shares. In a previous transaction on Jan 26 ’24, 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 ’24 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 ’23. Company shares held by the PRESIDENT now total 6,049.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. SLG’s most recent ex-dividend date was 3/27/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 3/15/2024 with an ex-dividend date of 2/28/2024. The SLG stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, SLG has a high of $52.50 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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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