While SL Green Realty Corp. has overperformed by 1.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SLG rose by 67.01%, with highs and lows ranging from $68.92 to $28.55, whereas the simple moving average jumped by 30.58% 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)
It’s important to note that SLG shareholders are currently getting $3.06 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 2.01%, showing a positive trend in the upcoming months.
SL Green Realty Corp.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -3.65% is sufficient for you to turn a profit off your investment.
For any stock, average volume can be an extremely valuable indicator of volatility, and SLG is registering an average volume of 778.23K. On a monthly basis, the volatility of the stock is set at 2.94%, whereas on a weekly basis, it is put at 3.95%, with a gain of 7.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $56.77, showing decline from the present price of $68.34, 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?
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 95.17% 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 95.17% at present.
