SL Green Realty Corp (NYSE: SLG) is -3.15% lower on its value in year-to-date trading and has touched a low of $41.88 and a high of $82.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SLG stock was last observed hovering at around $67.19 in the last trading session, with the day’s loss setting it -1.41%.
Currently trading at $65.78, the stock is -0.54% and -8.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -2.10% at the moment leaves the stock 2.63% off its SMA200. SLG registered 41.13% gain for a year compared to 6-month gain of 4.78%. The firm has a 50-day simple moving average (SMA 50) of $72.1472 and a 200-day simple moving average (SMA200) of $64.02135.
The stock witnessed a -1.51% loss in the last 1 month and extending the period to 3 months gives it a -14.35%, and is 0.53% 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 2.82% over the week and 2.95% over the month.
SL Green Realty Corp (SLG) has around 1188 employees, a market worth around $5.01B and $930.64M in sales. Current P/E ratio is 1136.10. Profit margin for the company is 0.62%. Distance from 52-week low is 57.07% and -20.57% from its 52-week high. The company has generated returns on investments over the last 12 months (0.06%).
with sales reaching $157.28M over the same period.The EPS is expected to shrink by -1703.43% this year, but quarterly earnings will post -0.56% year-over-year. Quarterly sales are estimated to grow 11.15% in year-over-year returns.
469.0 institutions hold shares in SL Green Realty Corp (SLG), with institutional investors hold 84.55% of the company’s shares. The shares outstanding are 71.74M, and float is at 71.68M with Short Float at 9.81%. Institutions hold 84.47% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.74 million shares valued at $721.78 million. The investor’s holdings represent 19.81 of the SLG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.48 million shares valued at $593.57 million to account for 16.2911 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.03 million shares representing 6.2646 and valued at over $229.23 million, while DEUTSCHE BANK AG holds 4.1391 of the shares totaling 2.66 million with a market value of $150.81 million.
SL Green Realty Corp (SLG) Insider Activity
The most recent transaction is an insider sale by LEVINE ANDREW S, the company’s CHIEF LEGAL OFFICER & GC. SEC filings show that LEVINE ANDREW S sold 45,785 shares of the company’s common stock on Nov 25 ’24 at a price of $79.69 per share for a total of $3.65 million. Following the sale, the insider now owns 8104.0 shares.
Still, SEC filings show that on Feb 09 ’24, Brown Carol N (Director) disposed off 5,118 shares at an average price of $44.37 for $0.23 million. The insider now directly holds 0 shares of SL Green Realty Corp (SLG).
