SL Green Realty Corp (NYSE: SLG) is -23.35% lower on its value in year-to-date trading and has touched a low of $46.92 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 $47.90 in the last trading session, with the day’s gains setting it 4.16%.
Currently trading at $52.06, the stock is -7.32% and -14.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing 8.68% at the moment leaves the stock -21.55% off its SMA200. SLG registered -3.36% loss for a year compared to 6-month loss of -22.29%. The firm has a 50-day simple moving average (SMA 50) of $60.7158 and a 200-day simple moving average (SMA200) of $66.35745.
The stock witnessed a -9.62% gain in the last 1 month and extending the period to 3 months gives it a -20.71%, and is -10.98% down 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 10.77% over the week and 4.69% over the month.
SL Green Realty Corp (SLG) has around 1221 employees, a market worth around $3.93B and $919.71M in sales. Current P/E ratio is 1080.08. Profit margin for the company is 0.56%. Distance from 52-week low is 10.96% and -37.13% from its 52-week high. The company has generated returns on investments over the last 12 months (0.06%).
The EPS is expected to shrink by -1988.23% this year
493.0 institutions hold shares in SL Green Realty Corp (SLG), with institutional investors hold 92.57% of the company’s shares. The shares outstanding are 71.10M, and float is at 70.94M with Short Float at 8.09%. Institutions hold 92.49% 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 19.8023 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 6.2621 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 HATKOFF CRAIG M, the company’s Director. SEC filings show that HATKOFF CRAIG M sold 3,455 shares of the company’s common stock on Jan 24 ’25 at a price of $66.30 per share for a total of $0.23 million. Following the sale, the insider now owns 2052.0 shares.
Still, SEC filings show that on Nov 25 ’24, LEVINE ANDREW S (CHIEF LEGAL OFFICER & GC) disposed off 45,785 shares at an average price of $79.69 for $3.65 million. The insider now directly holds 8,104 shares of SL Green Realty Corp (SLG).
