Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SL Green Realty (SLG) Share Price
Media headlines about SL Green Realty (NYSE:SLG) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing 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 closest to one being the most favorable. SL Green Realty earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.2701977855469 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Why is Earnings Beat Unlikely for SL Green (SLG) in Q1? (zacks.com)
- SL Green Realty (SLG) Stock Rating Reaffirmed by Jefferies Group (americanbankingnews.com)
- SL Green Realty (SLG) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- SL Green Realty (SLG) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- FY2018 EPS Estimates for SL Green Realty Boosted by Analyst (SLG) (americanbankingnews.com)
Shares of SLG traded up $1.38 during mid-day trading on Monday, hitting $96.52. The stock had a trading volume of 781,225 shares, compared to its average volume of 998,496. The firm has a market cap of $8,593.72, a price-to-earnings ratio of 14.96, a PEG ratio of 2.35 and a beta of 1.06. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.45. SL Green Realty has a fifty-two week low of $89.46 and a fifty-two week high of $109.95.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a $0.8125 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $3.25 annualized dividend and a dividend yield of 3.37%. SL Green Realty’s payout ratio is 50.39%.
A number of equities research analysts have weighed in on the company. BMO Capital Markets restated a “buy” rating and set a $120.00 price objective on shares of SL Green Realty in a research note on Tuesday, January 9th. Zacks Investment Research lowered SL Green Realty from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine lowered SL Green Realty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks lowered SL Green Realty from a “buy” rating to a “hold” rating and set a $108.00 price objective for the company. in a research note on Friday, March 9th. Finally, Stifel Nicolaus upgraded SL Green Realty from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $111.00 in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $113.69.
In related news, Director Craig M. Hatkoff sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total value of $318,682.00. Following the sale, the director now owns 1,365 shares of the company’s stock, valued at approximately $127,941.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marc Holliday purchased 7,880 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $25.20 per share, for a total transaction of $198,576.00. Following the acquisition, the chief executive officer now owns 88,900 shares in the company, valued at approximately $2,240,280. The disclosure for this purchase can be found here. 2.99% of the stock is currently owned by company insiders.
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SL Green Realty Company Profile
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2017, SL Green held interests in 121 Manhattan buildings totaling 50.0 million square feet.
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