SL Green Realty (NYSE:SLG – Get Free Report) announced its earnings results on Wednesday. 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), Zacks reports. The firm had revenue of $229.69 million during the quarter, compared to analyst estimates of $136.66 million. SL Green Realty had a negative net margin of 19.31% and a negative return on equity of 3.92%. During the same period last year, the company earned $1.27 earnings per share.
SL Green Realty Trading Up 3.1 %
NYSE:SLG traded up $2.32 during trading hours on Friday, reaching $77.47. 275,946 shares of the company were exchanged, compared to its average volume of 985,336. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -28.14, a PEG ratio of 1.94 and a beta of 1.83. The stock has a 50 day simple moving average of $67.24 and a 200 day simple moving average of $59.43. SL Green Realty has a 52-week low of $28.55 and a 52-week high of $77.82. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.59 and a quick ratio of 2.59.
SL Green Realty Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 3.87%. SL Green Realty’s payout ratio is -112.36%.
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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.
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