Press coverage about SL Green Realty Corporation (NYSE:SLG) has been trending somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SL Green Realty Corporation earned a news impact score of 0.25 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.1379162552414 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Brandywine Realty Trust (BDN) & SL Green Realty Corporation (NYSE:SLG) Head-To-Head Analysis (americanbankingnews.com)
- SL Green Realty Corporation (NYSE:SLG) and Highwoods Properties (HIW) Critical Contrast (americanbankingnews.com)
- SL Green Realty Corporation (NYSE:SLG) Sees Light Trading Volume with 406K Shares Changing Hands (highlightpress.com)
- Brokerages Expect SL Green Realty Corporation (SLG) Will Announce Quarterly Sales of $280.27 Million (americanbankingnews.com)
- $1.59 EPS Expected for SL Green Realty Corporation (SLG) This Quarter (americanbankingnews.com)
Several research firms have weighed in on SLG. Barclays PLC increased their price objective on SL Green Realty Corporation from $110.00 to $111.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. Morgan Stanley cut SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $120.00 to $106.00 in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $113.00 price objective on shares of SL Green Realty Corporation in a report on Thursday, April 20th. BMO Capital Markets reiterated a “buy” rating and issued a $127.00 price objective on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Finally, TheStreet cut SL Green Realty Corporation from a “b-” rating to a “c” rating in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. SL Green Realty Corporation presently has an average rating of “Hold” and a consensus price target of $117.62.
SL Green Realty Corporation (SLG) opened at 100.03 on Friday. The company’s 50-day moving average price is $103.42 and its 200-day moving average price is $106.14. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 102.81 and a beta of 1.18. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $120.63.
SL Green Realty Corporation (NYSE:SLG) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by $1.54. The company had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. Equities research analysts expect that SL Green Realty Corporation will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, June 28th. SL Green Realty Corporation’s payout ratio is 319.59%.
In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total value of $640,440.00. Following the transaction, the director now directly owns 7,196 shares of the company’s stock, valued at approximately $768,101.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.09% of the stock is owned by corporate insiders.
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SL Green Realty Corporation Company Profile
SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.
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