SL Green Realty Corporation (NYSE:SLG) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $6.40-6.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.55.

Several research analysts have issued reports on the company. BMO Capital Markets cut their price objective on SL Green Realty Corporation from $127.00 to $125.00 and set an outperform rating for the company in a research report on Thursday. Morgan Stanley reiterated an equal weight rating and issued a $104.00 price objective (down previously from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. KeyCorp reiterated a buy rating and issued a $130.00 price objective on shares of SL Green Realty Corporation in a research report on Friday, August 25th. Bank of America Corporation cut SL Green Realty Corporation from a buy rating to a neutral rating and cut their price objective for the stock from $113.00 to $110.00 in a research report on Wednesday, August 16th. Finally, BidaskClub cut SL Green Realty Corporation from a sell rating to a strong sell rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $116.15.

SL Green Realty Corporation (NYSE SLG) traded up 3.49% during mid-day trading on Thursday, reaching $101.13. The company’s stock had a trading volume of 1,457,201 shares. The company has a market capitalization of $10.01 billion, a PE ratio of 103.94 and a beta of 1.19. The firm has a 50 day moving average price of $98.42 and a 200-day moving average price of $103.54. SL Green Realty Corporation has a 1-year low of $93.90 and a 1-year high of $115.34.

SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.54). SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The business had revenue of $279.41 million during the quarter, compared to analyst estimates of $281.40 million. On average, equities analysts predict that SL Green Realty Corporation will post $1.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.775 per share. The ex-dividend date is Friday, September 29th. This represents a $3.10 annualized dividend and a yield of 3.17%. SL Green Realty Corporation’s dividend payout ratio is currently 319.59%.

WARNING: “SL Green Realty Corporation (SLG) Releases FY17 Earnings Guidance” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/21/sl-green-realty-corporation-slg-releases-fy17-earnings-guidance.html.

About SL Green Realty Corporation

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

Earnings History and Estimates for SL Green Realty Corporation (NYSE:SLG)

Receive News & Stock Ratings for SL Green Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty Corporation and related stocks with our FREE daily email newsletter.