SL Green Realty Corporation (SLG) Receives Daily News Impact Score of 0.13
Media coverage about SL Green Realty Corporation (NYSE:SLG) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SL Green Realty Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.0088389545431 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s rankings:
- Contrasting Gramercy Property Trust (GPT) and SL Green Realty Corporation (SLG) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about SL Green Realty Corp. (finance.yahoo.com)
- SL Green Realty Corporation (NYSE:SLG) Downgraded by BidaskClub to Strong Sell (americanbankingnews.com)
- SL Green Realty Corporation (SLG) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Analysts Set SL Green Realty Corporation (NYSE:SLG) PT at $114.10 (leisuretravelaid.com)
Shares of SL Green Realty Corporation (NYSE:SLG) traded down 0.27% during trading on Wednesday, hitting $99.20. The stock had a trading volume of 781,030 shares. The firm has a 50 day moving average price of $102.63 and a 200 day moving average price of $105.83. The firm has a market cap of $9.82 billion, a P/E ratio of 101.95 and a beta of 1.18. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $118.87.
SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The business had revenue of $279.41 million during the quarter, compared to analysts’ expectations of $281.40 million. On average, equities analysts expect that SL Green Realty Corporation will post $1.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Wednesday, June 28th. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.
A number of research firms have commented on SLG. UBS AG raised SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 target price for the company in a report on Thursday, July 13th. BMO Capital Markets reissued a “buy” rating and issued a $127.00 target price on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) began coverage on SL Green Realty Corporation in a report on Thursday, June 22nd. They issued a “buy” rating and a $121.00 target price for the company. Citigroup Inc. reduced their target price on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $112.00 target price on shares of SL Green Realty Corporation in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $116.54.
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In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total transaction of $640,440.00. Following the completion of the sale, the director now owns 7,196 shares in the company, valued at approximately $768,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.99% of the company’s stock.
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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