SL Green Realty (NYSE:SLG – Get Free Report) posted its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($1.42), Zacks reports. The business had revenue of $229.69 million for the quarter, compared to analyst estimates of $136.66 million. SL Green Realty had a negative return on equity of 3.92% and a negative net margin of 19.31%. During the same quarter last year, the business earned $1.27 EPS.
SL Green Realty Stock Up 1.4 %
Shares of NYSE:SLG opened at $72.72 on Thursday. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of -8.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.83. The company has a 50 day moving average of $66.98 and a two-hundred day moving average of $59.32. SL Green Realty has a 52-week low of $28.55 and a 52-week high of $73.80. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.98.
SL Green Realty Announces Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Monday, September 30th. SL Green Realty’s dividend payout ratio (DPR) is presently -36.32%.
Analysts Set New Price Targets
View Our Latest Analysis on SLG
About SL Green Realty
3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.
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