SL Green Realty Corp. (NYSE: SLG) is 22.05% higher on its value in year-to-date trading and has touched a low of $19.50 and a high of $55.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLG stock was last observed hovering at around $53.74 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $55.13, the stock is 8.03% and 15.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 2.59% at the moment leaves the stock 41.35% off its SMA200. SLG registered 167.23% gain for a year compared to 6-month gain of 55.65%. The firm has a 50-day simple moving average (SMA 50) of $8.74 and a 200-day simple moving average (SMA200) of -$38.70.
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The stock witnessed a 19.87% loss in the last 1 month and extending the period to 3 months gives it a 18.10%, and is 0.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.87% over the week and 3.84% over the month.
SL Green Realty Corp. (SLG) has around 1188 employees, a market worth around $3.79B and $874.89M in sales. Profit margin for the company is -66.54%. Distance from 52-week low is 182.72% and -0.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.47%).
SL Green Realty Corp. quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $158.04M over the same period.The EPS is expected to grow by 87.08% this year, but quarterly earnings will post -3.30% year-over-year. Quarterly sales are estimated to shrink -32.90% in year-over-year returns.
SL Green Realty Corp. (SLG) Top Institutional Holders
441 institutions hold shares in SL Green Realty Corp. (SLG), with institutional investors hold 93.90% of the company’s shares. The shares outstanding are 64.73M, and float is at 64.72M with Short Float at 21.73%. Institutions hold 93.79% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 11.56 million shares valued at $347.42 million. The investor’s holdings represent 17.96% of the SLG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.26 million shares valued at $308.23 million to account for 15.93% of the shares outstanding. The other top investors are State Street Corporation which holds 4.37 million shares representing 6.79% and valued at over $131.4 million, while Alyeska Investment Group, L.p. holds 3.21% of the shares totaling 2.07 million with a market value of $62.09 million.
SL Green Realty Corp. (SLG) Insider Activity
The most recent transaction is an insider sale by Brown Carol N,the company’sDirector. SEC filings show that Brown Carol N sold 5,118 shares of the company’s common stock on Feb 09 ’24 at a price of $44.37 per share for a total of $0.23 million. Following the sale, the insider now owns 0.0 shares.
SL Green Realty Corp. disclosed in a document filed with the SEC on Jan 26 ’24 that ATKINS BETSY S (Director) sold a total of 9,894 shares of the company’s common stock. The trade occurred on Jan 26 ’24 and was made at $47.25 per share for $0.47 million. Following the transaction, the insider now directly holds 6886.0 shares of the SLG stock.
Still, SEC filings show that on Jan 26 ’24, HATKOFF CRAIG M (Director) disposed off 5,100 shares at an average price of $46.75 for $0.24 million. The insider now directly holds 2,070 shares of SL Green Realty Corp. (SLG).
