SL Green Realty (NYSE:SLG) announced a quarterly dividend on Wednesday, March 20th. Investors of record on Monday, April 1st will be paid a dividend of $0.33 per share on Monday, April 15th. This represents a $1.32 annualized dividend and a dividend yield of 1.55%.
Several analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of SL Green Realty from a “hold” rating to a “buy” rating in a research note to investors on Monday, February 4th. On a related note, analysts at JMP Securities downgraded shares of SL Green Realty from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 16th. Finally, analysts at Robert W. Baird initiated coverage on shares of SL Green Realty in a research note to investors on Monday, January 14th. They set a “neutral” rating and a $84.00 price target on the stock.
Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $86.13.
SL Green Realty (NYSE: SLG) opened at 84.95 on Wednesday. SL Green Realty has a 1-year low of $70.34 and a 1-year high of $87.50. The stock’s 50-day moving average is currently $82.65. The company has a market cap of $7.753 billion and a price-to-earnings ratio of 48.65.
SL Green Realty (NYSE: SLG) last announced its earnings results on Thursday, January 31st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. The company had revenue of $350.73 million for the quarter, compared to the consensus estimate of $324.18 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. On average, analysts predict that SL Green Realty will post $4.98 earnings per share for the current fiscal year.
SL Green Realty Corp. is a self-managed real estate investment trust (NYSE: SLG), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.
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