SL Green Realty (NYSE:SLG) Updates FY 2025 Earnings Guidance

SL Green Realty (NYSE:SLG) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 5.250-5.550 for the period, compared to the consensus estimate of 5.160. The company issued revenue guidance of -. SL Green Realty also updated its FY 2024 guidance to 7.650-7.950 EPS.

Analyst Ratings Changes

Several equities analysts have commented on SLG shares. Jefferies Financial Group raised their target price on shares of SL Green Realty from $70.00 to $72.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Barclays raised their price target on shares of SL Green Realty from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Morgan Stanley raised their price objective on shares of SL Green Realty from $47.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Compass Point set a $65.00 price objective on shares of SL Green Realty and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $87.00 price target (up previously from $72.00) on shares of SL Green Realty in a research report on Monday, October 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $66.00.

SL Green Realty Stock Up 2.8 %

NYSE SLG opened at $77.28 on Monday. The company’s 50-day moving average price is $75.04 and its 200-day moving average price is $66.02. SL Green Realty has a 12 month low of $40.30 and a 12 month high of $82.81. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.58 and a current ratio of 2.58.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($1.42). SL Green Realty had a negative return on equity of 3.76% and a negative net margin of 16.78%. The business had revenue of $229.69 million for the quarter, compared to analysts’ expectations of $136.66 million. During the same quarter in the prior year, the company posted $1.27 EPS. As a group, sell-side analysts expect that SL Green Realty will post 7.59 earnings per share for the current year.

SL Green Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.2575 per share. This is an increase from SL Green Realty’s previous monthly dividend of $0.25. The ex-dividend date is Tuesday, December 31st. This represents a $3.09 annualized dividend and a dividend yield of 4.00%. SL Green Realty’s dividend payout ratio is -120.00%.

About SL Green Realty

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.