SL Green Realty Corporation (SLG) Receives Media Sentiment Rating of 0.19
Media headlines about SL Green Realty Corporation (NYSE:SLG) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SL Green Realty Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.9446204607858 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- BMO Capital Markets Reaffirms Buy Rating for SL Green Realty Corporation (SLG) (americanbankingnews.com)
- SL Green Realty Corporation (SLG) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- SL Green to sell midtown Manhattan office building for $305 mln (pehub.com)
- SL Green Realty (SLG) to Sell 600 Lexington Avenue for $305M (finance.yahoo.com)
- SL Green Announces Sale of 600 Lexington Avenue for $305 Million (finance.yahoo.com)
SL Green Realty Corporation (NYSE:SLG) traded down $0.31 during trading on Wednesday, reaching $100.75. 788,413 shares of the company were exchanged, compared to its average volume of 741,418. The company has a market capitalization of $9,940.00, a P/E ratio of 16.03, a P/E/G ratio of 2.60 and a beta of 1.16. SL Green Realty Corporation has a 1-year low of $93.92 and a 1-year high of $115.34. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.38.
SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($1.17). The business had revenue of $319.50 million during the quarter, compared to the consensus estimate of $326.70 million. SL Green Realty Corporation had a net margin of 7.70% and a return on equity of 1.54%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. analysts predict that SL Green Realty Corporation will post 6.44 earnings per share for the current fiscal year.
A number of brokerages have issued reports on SLG. BMO Capital Markets reaffirmed a “buy” rating and issued a $125.00 price objective on shares of SL Green Realty Corporation in a research note on Wednesday. Barclays PLC reduced their price objective on shares of SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 1st. Bank of America Corporation cut shares of SL Green Realty Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $113.00 to $110.00 in a research note on Wednesday, August 16th. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective on shares of SL Green Realty Corporation in a research note on Tuesday, September 26th. Finally, BidaskClub cut shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. SL Green Realty Corporation has a consensus rating of “Hold” and a consensus target price of $115.00.
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.
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