SL Green Realty Corp (NYSE: SLG) is -21.20% lower on its value in year-to-date trading and has touched a low of $45.15 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 $52.61 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $53.52, the stock is 2.98% and -5.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 1.73% at the moment leaves the stock -18.91% off its SMA200. SLG registered 3.80% gain for a year compared to 6-month loss of -30.30%. The firm has a 50-day simple moving average (SMA 50) of $56.8228 and a 200-day simple moving average (SMA200) of $66.00205.
The stock witnessed a -7.69% gain in the last 1 month and extending the period to 3 months gives it a -19.49%, and is -1.76% 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 3.10% over the week and 5.73% over the month.
SL Green Realty Corp (SLG) has around 1221 employees, a market worth around $4.04B and $957.16M in sales. Profit margin for the company is -2.99%. Distance from 52-week low is 18.54% and -35.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.28%).
with sales reaching $164.36M over the same period.The EPS is expected to shrink by -1560.10% this year, but quarterly earnings will post 5.78% year-over-year. Quarterly sales are estimated to grow 9.11% in year-over-year returns.
494.0 institutions hold shares in SL Green Realty Corp (SLG), with institutional investors hold 92.39% of the company’s shares. The shares outstanding are 71.02M, and float is at 70.96M with Short Float at 8.03%. Institutions hold 92.32% 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 16.2848 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).
