The stock of SL Green Realty Corp. (SLG) has gone up by 5.01% for the week, with a -0.78% drop in the past month and a 14.36% rise in the past quarter. The volatility ratio for the week is 5.17%, and the volatility levels for the past 30 days are 4.30% for SLG. The simple moving average for the last 20 days is 1.12% for SLG’s stock, with a simple moving average of 26.81% for the last 200 days.
Is It Worth Investing in SL Green Realty Corp. (NYSE: SLG) Right Now?
SLG has 36-month beta value of 1.70. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for SLG is 64.72M, and currently, short sellers hold a 21.17% ratio of that float. The average trading volume of SLG on April 25, 2024 was 1.30M shares.
SLG) stock’s latest price update
The stock price of SL Green Realty Corp. (NYSE: SLG) has dropped by -0.48 compared to previous close of 52.41. Despite this, the company has seen a gain of 5.01% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-23 that REITs are historically cheap right now. But not all REITs are worth buying. Here are 5 types of REITs to avoid in 2024.
Analysts’ Opinion of SLG
Many brokerage firms have already submitted their reports for SLG stocks, with BMO Capital Markets repeating the rating for SLG by listing it as a “Outperform.” The predicted price for SLG in the upcoming period, according to BMO Capital Markets is $58 based on the research report published on April 18, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see SLG reach a price target of $48, previously predicting the price at $35. The rating they have provided for SLG stocks is “Equal Weight” according to the report published on March 27th, 2024.
Evercore ISI gave a rating of “Underperform” to SLG, setting the target price at $44 in the report published on March 18th of the current year.
SLG Trading at 4.39% 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 -6.44% of loss for the given period.
Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 5.17%, as shares surge +2.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.56% upper at present.
During the last 5 trading sessions, SLG rose by +5.01%, which changed the moving average for the period of 200-days by +65.17% in comparison to the 20-day moving average, which settled at $51.66. In addition, SL Green Realty Corp. saw 15.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLG starting from Brown Carol N, who sale 5,118 shares at the price of $44.37 back on Feb 09 ’24. After this action, Brown Carol N now owns 0 shares of SL Green Realty Corp., valued at $227,086 using the latest closing price.
ATKINS BETSY S, the Director of SL Green Realty Corp., sale 9,894 shares at $47.25 during a trade that took place back on Jan 26 ’24, which means that ATKINS BETSY S is holding 6,886 shares at $467,492 based on the most recent closing price.
Stock Fundamentals for SLG
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.55 for the gross margin
The net margin for SL Green Realty Corp. stands at -0.93. The total capital return value is set at -0.02. Equity return is now at value -11.86, with -4.58 for asset returns.
Based on SL Green Realty Corp. (SLG), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is -1.61.
Currently, EBITDA for the company is 298.92 million with net debt to EBITDA at 342.96. When we switch over and look at the enterprise to sales, we see a ratio of 9.8. The receivables turnover for the company is 2.49for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To put it simply, SL Green Realty Corp. (SLG) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
