With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $80.06 whereas the lowest price it dropped to was $78.305. The 52-week range on SLG shows that it touched its highest point at $82.81 and its lowest point at $32.78 during that stretch. It currently has a 1-year price target of $68.38. With its current market cap of 5.46 billion, SLG has annualized dividend of $3.02 while the current yield stands at 3.82%. SLG paid its most recent dividend on 1730332800, while the ex-dividend date for that was 1732838400. Beta for the stock currently stands at 1.81.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SLG was up-trending over the past week, with a rise of 4.08%, but this was up by 4.72% over a month. Three-month performance surged to 19.09% while six-month performance rose 57.89%. The stock gained 137.97% in the past year, while it has gained 75.23% so far this year. A look at the trailing 12-month EPS for SLG yields -2.53 with Next year EPS estimates of -2.17. For the next quarter, that number is -0.45. This implies an EPS growth rate of 93.53% for this year and -267.80% for next year.
Float and Shares Shorts:
At present, 65.62 million SLG shares are outstanding with a float of 65.56 million shares on hand for trading. On 2024-10-31, short shares totaled 7.82 million, which was 1192.0 higher than short shares on 1727654400. In addition to Mr. Marc Holliday as the firm’s Interim President, Chairman & CEO, Mr. Matthew J. DiLiberto serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.91722 of SLG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SLG reported revenue of $229691000.0 and operating income of $32677000.0. The EBITDA in the recently reported quarter was $71311000.0 and diluted EPS was -$0.21.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLG since 10 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SLG analysts setting a high price target of 90.0 and a low target of 45.0, the average target price over the next 12 months is 66.76471. Based on these targets, SLG could surge 13.71% to reach the target high and fall by -43.15% to reach the target low. Reaching the average price target will result in a decline of -15.65% from current levels.
Analysts have provided yearly estimates in a range of -$0.58457 being high and -$0.59465 being low. For SLG, this leads to a yearly average estimate of -$0.59. The surprise factor in the prior quarter was -$0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.38 and the low estimate is -$0.38. The average estimate for the next quarter is thus -$0.38.
