Wall Street brokerages expect that SL Green Realty Corporation (NYSE:SLG) will post $1.58 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for SL Green Realty Corporation’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.54. SL Green Realty Corporation posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 259.1%. The firm is expected to issue its next earnings results on Wednesday, January 24th.

On average, analysts expect that SL Green Realty Corporation will report full year earnings of $6.45 per share for the current financial year, with EPS estimates ranging from $6.38 to $6.50. For the next financial year, analysts expect that the business will report earnings of $6.69 per share, with EPS estimates ranging from $6.48 to $6.93. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover SL Green Realty Corporation.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($1.17). The business had revenue of $319.50 million for the quarter, compared to analyst estimates of $326.70 million. SL Green Realty Corporation had a net margin of 7.70% and a return on equity of 1.51%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 earnings per share.

SLG has been the topic of several analyst reports. Citigroup Inc. cut their price target on shares of SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th. UBS AG upgraded shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Thursday, July 13th. KeyCorp restated a “buy” rating and set a $130.00 price target on shares of SL Green Realty Corporation in a report on Friday, August 25th. BMO Capital Markets restated a “buy” rating and set a $125.00 price target on shares of SL Green Realty Corporation in a report on Thursday, October 19th. Finally, SunTrust Banks, Inc. set a $115.00 price target on shares of SL Green Realty Corporation and gave the stock a “buy” rating in a report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $115.00.

SL Green Realty Corporation (NYSE SLG) traded up $1.21 during trading on Tuesday, reaching $99.96. 496,143 shares of the company traded hands, compared to its average volume of 987,963. SL Green Realty Corporation has a 1-year low of $93.92 and a 1-year high of $115.34. The stock has a market capitalization of $9,840.00, a PE ratio of 15.48, a PEG ratio of 2.51 and a beta of 1.16. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio is 306.93%.

Several hedge funds and other institutional investors have recently bought and sold shares of SLG. OppenheimerFunds Inc. raised its position in shares of SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 246 shares during the period. Wellington Management Group LLP raised its position in shares of SL Green Realty Corporation by 6.4% in the first quarter. Wellington Management Group LLP now owns 47,188 shares of the real estate investment trust’s stock valued at $5,031,000 after purchasing an additional 2,845 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of SL Green Realty Corporation in the first quarter valued at approximately $203,000. DnB Asset Management AS raised its position in shares of SL Green Realty Corporation by 9.6% in the second quarter. DnB Asset Management AS now owns 12,568 shares of the real estate investment trust’s stock valued at $1,330,000 after purchasing an additional 1,100 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of SL Green Realty Corporation by 24.9% in the second quarter. Xact Kapitalforvaltning AB now owns 14,461 shares of the real estate investment trust’s stock valued at $1,530,000 after purchasing an additional 2,880 shares during the period.

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SL Green Realty Corporation Company Profile

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.

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

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