SL Green Realty Corp (NYSE: SLG) has a price-to-earnings ratio of 1114.51x that is above its average ratio. Additionally, the 36-month beta value for SLG is 1.82. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
The public float for SLG is 71.64M and currently, short sellers hold a 9.14% ratio of that float. The average trading volume of SLG on February 17, 2025 was 956.80K shares.
SLG) stock’s latest price update
The stock price of SL Green Realty Corp (NYSE: SLG) has jumped by 0.08 compared to previous close of 64.48. Despite this, the company has seen a fall of -2.21% in its stock price over the last five trading days. cnbc.com reported 2025-01-31 that Demand for New York City office space has finally returned to pre-pandemic levels. During the fourth quarter, office demand in the city jumped 25% from the year before, according to VTS
SLG’s Market Performance
SLG’s stock has fallen by -2.21% in the past week, with a monthly drop of -1.38% and a quarterly drop of -16.17%. The volatility ratio for the week is 2.24% while the volatility levels for the last 30 days are 2.87% for SL Green Realty Corp The simple moving average for the past 20 days is -1.69% for SLG’s stock, with a -1.08% simple moving average for the past 200 days.
Analysts’ Opinion of SLG
Many brokerage firms have already submitted their reports for SLG stocks, with JP Morgan repeating the rating for SLG by listing it as a “Neutral.” The predicted price for SLG in the upcoming period, according to JP Morgan is $80 based on the research report published on December 10, 2024 of the previous year 2024.
Compass Point, on the other hand, stated in their research note that they expect to see SLG reach a price target of $60, previously predicting the price at $35. The rating they have provided for SLG stocks is “Neutral” according to the report published on September 18th, 2024.
Evercore ISI gave a rating of “In-line” to SLG, setting the target price at $66 in the report published on September 16th of the previous year.
SLG Trading at -4.87% 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 -22.07% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.80% lower at present.
During the last 5 trading sessions, SLG fell by -2.21%, which changed the moving average for the period of 200-days by +25.16% in comparison to the 20-day moving average, which settled at $65.64. In addition, SL Green Realty Corp saw -4.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLG starting from HATKOFF CRAIG M, who sale 3,455 shares at the price of $66.30 back on Jan 24 ’25. After this action, HATKOFF CRAIG M now owns 2,052 shares of SL Green Realty Corp, valued at $229,066 using the latest closing price.
HATKOFF CRAIG M, the Director of SL Green Realty Corp, proposed sale 3,455 shares at $66.21 during a trade that took place back on Jan 24 ’25, which means that HATKOFF CRAIG M is holding shares at $228,753 based on the most recent closing price.
Stock Fundamentals for SLG
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.53 for the gross margin
The net margin for SL Green Realty Corp stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 0.72, with 0.29 for asset returns.
Based on SL Green Realty Corp (SLG), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 1.59.
Currently, EBITDA for the company is 880.34 million with net debt to EBITDA at 1.48. When we switch over and look at the enterprise to sales, we see a ratio of 6.28. The receivables turnover for the company is 3.38for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, SL Green Realty Corp (SLG) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
