SL Green Realty Corp. (NYSE:SLG) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $98.63, up by 2.69%, with a volume of 872,349 shares against an average amount for the last three months of 755,088.
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SL Green Realty Corp. (NYSE:SLG) stock is currently trading 18.35% below its 52-week-high, 23.1% above its 52-week-low. The 1-year stock price history is in the range of $80.12 – $120.79. SL Green Realty Corp. (SLG) has a price to earnings ratio of 33.94 versus Financial sector average of 15.9. SLG stock price has underperformed the S&P 500 by 14.7%. The Office REIT company is currently valued at $9.89 billion, and its share price closed the last trading session at $98.63. The stock has a 50-day moving average of $104.77 and a 200-day moving average of $107.34.
SL Green Realty Corp. (SLG) current short interest stands at 5.02 million shares. It has decreased by 1% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.86 million shares, the number of days required to cover the short positions stand at 5.9 days.
SLG is forecasted to report earnings per share of $1.5 and a revenue of $323.26 million for the 4th Quarter of the fiscal year 2016. SL Green Realty Corp. (SLG) declared last quarter earnings on October 19. The Office REIT company announced last quarter earnings per share of $1.63 against a consensus Street estimate of $1.51, beating the average estimate by $0.12. The company posted a revenue of $416.7 million compared to an estimation of $320 million.
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There are currently nineteen analysts that cover SL Green Realty Corp. stock. Of those nineteen, nine have a Buy rating, ten have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $119.14.
A recent analyst activity consisted of Stifel downgrading their Buy rating to Hold on October 24. On the date of report, the stock closed at $101.83.BTIG initiated their coverage on the stock with Neutral rating on August 25. On the date of report, the stock closed at $114.77.
Another research firm was Evercore ISI who downgraded their Buy rating to Hold on August 15. Evercore ISI increased their price target on SL Green Realty Corp. from $122 to $124. This translates to a 25.72% upside from the last closing price. On the date of report, the stock closed at $118.43.Company snapshot
SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. It primarily invests in commercial office and retail properties. SL Green Realty Corp. was founded in 1970 and is based in New York, New York.