While SL Green Realty Corp. has underperformed by -0.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLG rose by 76.72%, with highs and lows ranging from $66.99 to $28.55, whereas the simple moving average jumped by 39.95% in the last 200 days.
On July 09, 2024, Scotiabank Upgraded SL Green Realty Corp. (NYSE: SLG) to Sector Perform. A report published by BMO Capital Markets on April 18, 2024, Upgraded its rating to ‘Outperform’ for SLG. Barclays also Upgraded SLG shares as ‘Equal Weight’, setting a target price of $48 on the company’s shares in a report dated March 27, 2024. Deutsche Bank initiated its ‘Hold’ rating for SLG, as published in its report on January 30, 2024. Truist’s report from January 16, 2024 suggests a price prediction of $47 for SLG shares, giving the stock a ‘Hold’ rating. Compass Point also rated the stock as ‘Sell’.
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Analysis of SL Green Realty Corp. (SLG)
A return on investment can be expected regardless of SLG’s performance over the next quarter with the dividend set at $3.08 per share. Further, the quarter-over-quarter decrease in sales is -4.15%, showing a negative trend in the upcoming months.
To gain a thorough understanding of SL Green Realty Corp.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -3.64% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SLG is recording an average volume of 852.05K. On a monthly basis, the volatility of the stock is set at 3.73%, whereas on a weekly basis, it is put at 3.89%, with a gain of 8.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $52.06, showing decline from the present price of $66.64, which can serve as yet another indication of whether SLG is worth investing in or should be passed over.
How Do You Analyze SL Green Realty Corp. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.11%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SLG shares are owned by institutional investors to the tune of 96.89% at present.
