SL Green Realty Corp. (NYSE:SLG) went up by 2.05% from its latest closing price compared to the recent 1-year high of $96.39. The company’s stock price has collected -12.24% of loss in the last five trading sessions. Press Release reported on 09/17/20 that SL Green Realty Corp. to Release Third Quarter 2020 Financial Results After Market Close on October 21, 2020
Is It Worth Investing in SL Green Realty Corp. (NYSE :SLG) Right Now?
SL Green Realty Corp. (NYSE:SLG) scored a price-to-earnings ratio above its average ratio, recording 15.82 x from its present earnings ratio. Plus, the 36-month beta value for SLG is at 1.47. Opinions of the stock are interesting as 4 analysts out of 16 who provided ratings for SL Green Realty Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 10 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $58.33, which is $14.56 above the current price. SLG currently public float of 71.75M and currently shorts hold a 11.80% ratio of that float. Today, the average trading volume of SLG was 1.36M shares.
SLG’s Market Performance
SLG stocks went down by -12.24% for the week, with a monthly drop of -9.65% and a quarterly performance of -10.65%, while its annual performance rate touched -45.09%. The volatility ratio for the week stands at 5.41% while the volatility levels for the past 30 days are set at 5.01% for SL Green Realty Corp.. The simple moving average for the period of the last 20 days is -6.18% for SLG stocks with a simple moving average of -27.03% for the last 200 days.
Analysts’ Opinion of SLG
Many brokerage firms have already submitted their reports for SLG stocks, with Deutsche Bank repeating the rating for SLG by listing it as a “Hold.” The predicted price for SLG in the upcoming period, according to Deutsche Bank is $48 based on the research report published on July 20th of the current year 2020.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SLG reach a price target of $44. The rating they have provided for SLG stocks is “Equal-Weight” according to the report published on May 28th, 2020.
Piper Sandler gave a rating of “Neutral” to SLG, setting the target price at $50 in the report published on April 24th of the current year.
SLG Trading at -6.59% from the 50-Day Moving Average
After a stumble in the market that brought SLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.59% of loss for the given period.
Volatility was left at 5.01%, however, over the last 30 days, the volatility rate increased by 5.41%, as shares sank -5.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.89% lower at present.
During the last 5 trading sessions, SLG fell by -12.24%, which changed the moving average for the period of 200-days by -49.51% in comparison to the 20-day moving average, which settled at $47.56. In addition, SL Green Realty Corp. saw -51.32% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SLG starting from GREEN STEPHEN L, who sale 65,578 shares at the price of $55.75 back on Jun 10. After this action, GREEN STEPHEN L now owns 0 shares of SL Green Realty Corp., valued at $3,656,056 using the latest closing price.
GREEN STEPHEN L, the Director of SL Green Realty Corp., sale 34,422 shares at $57.21 during a trade that took place back on Jun 09, which means that GREEN STEPHEN L is holding 65,578 shares at $1,969,283 based on the most recent closing price.
Stock Fundamentals for SLG
Current profitability levels for the company are sitting at:
- +26.39 for the present operating margin
- +42.63 for the gross margin
The net margin for SL Green Realty Corp. stands at +21.33. The total capital return value is set at 2.84, while invested capital returns managed to touch 2.44. Equity return is now at value 4.30, with 1.70 for asset returns.
Based on SL Green Realty Corp. (SLG), the company’s capital structure generated 103.66 points at debt to equity in total, while total debt to capital is 50.90. Total debt to assets is 46.48, with long-term debt to equity ratio resting at 104.06. Finally, the long-term debt to capital ratio is 46.59.
Currently, EBITDA for the company is 245.05M with total debt to EBITDA at 6.57. When we switch over and look at the enterrpise to sales, we see a ratio of 10.83, with the company’s debt to enterprise value settled at 0.42. The receivables turnover for the company is 7.39 and the total asset turnover is 0.10.