SL Green Realty Corp (SLG) Director John S. Levy Sells 1,000 Shares
SL Green Realty Corp (NYSE:SLG) Director John S. Levy sold 1,000 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $103.58, for a total value of $103,580.00. Following the sale, the director now directly owns 14,827 shares in the company, valued at approximately $1,535,780.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE SLG traded down $0.65 during trading hours on Friday, hitting $99.95. 10,606 shares of the company’s stock were exchanged, compared to its average volume of 527,806. SL Green Realty Corp has a 12-month low of $89.46 and a 12-month high of $106.54. The company has a market capitalization of $8.77 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 3.14 and a beta of 1.08. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.91.
SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.01. SL Green Realty had a return on equity of 4.24% and a net margin of 21.45%. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $241.47 million. During the same period in the prior year, the business posted $1.78 earnings per share. The firm’s revenue for the quarter was down 24.4% compared to the same quarter last year. equities analysts predict that SL Green Realty Corp will post 6.76 EPS for the current year.
A number of analysts recently commented on the company. Deutsche Bank increased their price objective on SL Green Realty from $111.00 to $114.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th. TheStreet raised SL Green Realty from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. ValuEngine raised SL Green Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. BMO Capital Markets reaffirmed a “$100.62” rating and set a $115.00 price objective on shares of SL Green Realty in a research note on Wednesday, July 18th. Finally, Citigroup decreased their price objective on SL Green Realty from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. SL Green Realty presently has a consensus rating of “Hold” and a consensus price target of $110.54.
About SL Green Realty
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 June 30, 2018, SL Green held interests in 116 Manhattan buildings totaling 49.3 million square feet.
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