Is SL Green Realty Corp. (NYSE: SLG) Still On The Rise?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that SL Green Realty Corp. to Release First Quarter 2024 Financial Results After Market Close on April 17, 2024.

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Stocks Info

SL Green Realty Corp. is listed on the NYSE in the Real Estate sector while operating in the REIT – Office industry. The current market capitalization of SL Green Realty Corp. is $3.64B. A total of 0.98 million shares were traded on the day, compared to an average of 1.32M 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

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SLG has a high of $55.57 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $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

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. 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 2.41.

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